Paxos officially released the February 2025 stablecoin PYUSD Transparency Report, disclosing unaudited data related to PYUSD, including: Total Tokens Outstanding rose sharply from about $480 million in January to $751,638,595; the current market value of collateral in total net assets is $770,113,333, and the nominal position value is $755,514,232. Paxos said that the current PYUSD tokens are overcollateralized, so the risk of loss is not large. Even if Paxos defaults, it can make up for the loss with the overcollateralization of US Treasury bonds.