In this released report, Paxos meticulously listed the assets associated with PYUSD. The current market value of U.S. Treasuries serving as collateral is approximately $49,550,900, while the nominal position value is around $49,337,950. Additionally, the collateral market value in the repo agreement for U.S. Treasuries is about $450,447,300, corresponding to a nominal position value of roughly $441,615,000. Furthermore, the market value of cash deposits is approximately $10,204,663, matching the nominal position value. Notably, the aggregate current market value of all collateral stands at roughly $510,202,863, while the nominal position value is around $501,157,613. This indicates that Paxos has made significant strides in enhancing the transparency and stability of its PYUSD product.