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Paxos officially released the transparency report of Stable Coin PYUSD in January 2025, disclosing unaudited data related to PYUSD, including: 1. Total Tokens Outstanding decreased again, reaching $482,747,103; 2. The current Market Cap of Collateral in the total amount of US Treasury reverse repurchase protocol is approximately $464,985,360, with a nominal position value of approximately $455,868,000; 3. The current Market Cap of Collateral in cash deposits is approximately $28,588,701, with a nominal position value of approximately $28,588,701; 4. The current Market Cap of Collateral in total net assets is $493,574,061, with a nominal position value of $484,456,701.