Paxos has released the transparency report for USDP in December.

Ritu77

Golden Finance reports that Paxos officially released the transparency report for Pax Dollar (USDP) in December. The report discloses unaudited financial data of USDP as of 06:00 on December 30th, Beijing time, including:

The total outstanding tokens are approximately $372,639,175, a decrease of over $74 million compared to November, representing a nearly 20% reduction.
The current market value of the U.S. Treasury collateralized reverse repurchase agreements is about $181 million, with the nominal position value of the provided collateral exceeding $177 million.
Cash deposits through the FDIC deposit network exceed $185 million, with additional cash deposits from other reserve institutions totaling about $10.9677 million, resulting in a total of approximately $196 million.
Paxos states that the U.S. Treasury reverse repurchase agreements involve contractual arrangements between two parties. One party agrees to sell securities to the other at a specified price and commits to buying back the securities at another (usually higher) specified price later. If the counterparty defaults, Paxos has the ability to liquidate the U.S. Treasury collateral to cover losses, and since all transactions are overcollateralized, the risk of significant losses is not considered substantial.

Iravan774

In terms of value, it's still quite significant.

Samiksha

The decrease is indeed quite substantial.

Indra55

It's also common to see reports regularly.