Gold Finance reported that Paxos officially released the April Pax Dollar (USDP) transparency report, which disclosed the unaudited financial data of USDP as of 05:00 Beijing time on May 1, mainly including: 1. The total amount of outstanding Token (Total Tokens Outstanding) is approximately US$148,503,536; 2. The current market value of the total protocol of the U.S. Treasury collateralized reverse repo Collateral is $34,223,040, and the notional position value is $33,552,000; 3. $110,503,693 in cash deposits through the FDIC deposit network and approximately $5,049,428 in other cash deposits with depositary institutions; 4. Collateral provided for total net assets has a current market value of $149,776,161 and a notional position value of $149,105,121. According to Paxos, a Treasury reverse repo protocol is a contractual arrangement between two parties in which one party agrees to sell securities to the other party at a specified price and commits to buy back the securities at a later date at another, often higher, specified price. If a counterparty defaults, Paxos is able to liquidate US Treasury Collateral to cover losses, and since all transactions are over-collateralized, the risk of loss is not considered significant.

Odaily Planet Daily News Payment giant Visa and enterprise Blockchain data provider Allium tracked Tether's USDT, Circle's USDC, Paxos' USDP and PayPal's PYUSD, and the results showed that more than 90% of stablecoin transactions took place without human involvement, and these transactions were "inorganic trading activities." （Decrypt）

PANews reported on January 18 that Paxos, a leading regulated blockchain and token infrastructure platform, announced the expansion of its Stable Coin issuance business to the Solana Blockchain platform, and Paxos plans to make USDP on Solana available to the public on January 17, 2024. Previously, Paxos' Stable Coin business was limited to Ethereum.

PANews reported on January 7 that Paxos officially released the Pax Dollar (USDP) transparency report for December. As of 06:00 Beijing time on December 30, 2023, the total outstanding Token was approximately $3.726, a decrease of more than $74 million, or nearly 20%, from November. Collateral in U.S. Treasury collateralized reverse repo agreements has a current market value of approximately $181 million and a notional position value of approximately $177 million. Cash deposits through the FDIC deposit network exceeded $185 million, and other cash deposits from depositary institutions amounted to approximately $10,967,700, totaling approximately $196 million. A U.S. Treasury reverse repo agreement is a two-party contractual arrangement that is used to reduce transaction risk.

Stable Coin issuer Paxos has received regulatory approval to expand its offerings to the Solana network. Paxos is scheduled to release USDPStable Coin on Solana on January 17, 2024. （Fortune）

The Web3 job market HYVE has added support for the stablecoin PayPal USD (PYUSD), HYVE previously supported PAXG and USDP.

PANews reported on December 13 that S&P Global Ratings announced on Tuesday its assessment of the stability of eight stablecoins, including Dai (Dai), First Digital USD (FDUSD), Tether (USDT), Frax (Frax), TrueUSD (TUSD), USD Coin (USDC), USDP and GUSD. Analysts mainly focus on "the quality of assets that support stablecoins". Overall quality is measured by custody risk, creditworthiness, and market value. As a result, USDC, USDP and GUSD received "strong" ratings. USDT, DAI, and FDUSD received "constrained" ratings, while FRAX and TUSD received "weak" ratings. Analysts said that no stablecoin received the highest rating of "very strong" in the first assessment.

PANews reported on November 10 that Paxos released the Pax Dollar (USDP) transparency report for October, with a total outstanding token value of $438,824,451, the current market value of U.S. Treasury bonds of about $150 million, the market value of collateral in U.S. Treasury collateralized reverse repurchase agreements of more than $200 million, cash deposits through the FDIC deposit network worth more than $85 million, and other cash deposits of depositary institutions worth about $1.3 million.

Highlights for September 4th 1. According to Gate.io big data: the highest price of BTC in 24 hours exceeded 26,000 USDT, and the current price is 25,906 USDT, with a 24-hour increase of 0.07%. 2. JPMorgan Chase: After Grayscale wins the lawsuit, the SEC may be forced to approve multiple spot Bitcoin ETF applications. 3. Santiment data shows that since August 22, the total market value of the six major stablecoins USDT, USDC, BUSD, DAI, TUSD and USDP has increased by US$663.2 million. 4. According to RootData data, the financing amount of the encryption market in August was 662 million US dollars, a year-on-year decrease of 57%.

Golden Finance reported that according to Santiment data, the total market value of the six major stablecoins has increased by $663.2 million since August 22. This is the first time such digital assets have seen growth since the FTX crash in November 2022. Stablecoins added this time include USDT, USDC, BUSD, DAI, TUSD and USDP.

Odaily Planet Daily News Beosin _ tweeted that Palmswap was attacked because there was a problem with the calculation method of adding and removing liquidity. When the attacker added liquidity, the exchange rate between USDP and PLP was 1:1. However, when the same amount of PLP is withdrawn, the attacker is able to exchange it for 1.9 times USDP, thereby making a profit. According to previous news, Palmswap was attacked and lost more than 900,000 US dollars.

Odaily Planet Daily News A report released by the cryptocurrency analysis platform CCData on July 20 stated that from the beginning of this month to July 17, the market value of stablecoins fell by 0.82%, reaching 127 billion US dollars. It hit its lowest level since August 2021 after falling for 16 straight months. Stablecoin market dominance has declined slightly and is now at 10.3%, down from 10.5% in June. Despite the consecutive decline, stablecoin trading volumes rose 16.6% to about $483 billion in June, the first monthly increase since March. Among the top 10 stablecoins, Pax Dollar (USDP ) was hit hardest, falling 43.1% in July to $563 million, the lowest level since December 2020. CCData believes that the main reason for the decline is that MakerDAO chose to remove $500 million in USDP from its reserves because it failed to generate additional income. In addition, the market capitalization of USDC and BUSD fell by 3.01% and 4.57% to $26.9 billion and $3.96 billion, respectively. For USDC, it was the seventh straight month of declines in market capitalization, the lowest since June 2021. The market value of USDT reached 83.8 billion US dollars, a record high, accounting for 65.9% of the market value of stablecoins. (Cointelegraph)

According to PANews news on July 21, according to Cointelegraph, the cryptocurrency analysis platform CCData reported that from the beginning of this month to July 17, the market value of stablecoins fell by 0.82%, and after 16 consecutive months of decline, it has hit the lowest level since August 2021. Stablecoin market dominance has declined slightly and is now at 10.3%, down from 10.5% in June. Among the top 10 stablecoins, Pax Dollar (USDP ) was hit the hardest, falling 43.1% in July to $563 million, its lowest level since December 2020. The market caps of USDC and BUSD fell 3.01% and 4.57% to $26.9 billion and $3.96 billion, respectively. For USDC, it was the seventh straight month of declines in market capitalization, the lowest since June 2021. The market capitalization of USDT, the stablecoin with the largest market capitalization, reached 83.8 billion US dollars, a record high, accounting for 65.9% of the market capitalization of stablecoins.

Odaily Planet Daily News Curve income enhancer Concentrator said on Twitter that it can now provide automatic compound interest for aCRV and afrxETH, and launch USDC-crvUSD, TUSD-crvUSD, USDP-crvUSD and USDT-crvUSD liquidity pools.

According to news on June 1, Concentrator, Curve's income enhancer, has launched USDC-crvUSD, TUSD-crvUSD, USDP-crvUSD and USDT-crvUSD liquidity pools, and provides automatic compound interest on aCRV and afrxETH.