On August 27th, Paxos announced the USDP July Third Party Report published by Withum, which disclosed that the supply of Pax Dollars ("USDP") tokens shown in contracts on the Ethereum network is 114,706,089. The fair value of Paxos' holdings of cash in U.S. depository institution accounts and debt instrument assets expressly guaranteed by the full trust and credit of the U.S. government is at least equal to or greater than $114,706,089. (The same is true for Solana network tokens), the USDP supply does not exceed the balance of redeemable assets and follows the guidelines set forth by NYDFS, the New York regulator.