According to Odaily, Paxos has released a third-party report for July, conducted by Withum, detailing the supply of Pax Dollar (USDP) tokens on the Ethereum network. The report reveals that the contract 0x8e870d67f660d95d5be530380d0ec0bd388289e1 holds a total supply of 114,706,089 USDP tokens. Paxos maintains that the fair value of cash and debt instruments, fully backed by the U.S. government and held in custodial accounts in the United States, is at least equal to or greater than $114,706,089. This ensures that the USDP supply does not exceed the redeemable asset balance and complies with the guidelines set by the New York Department of Financial Services (NYDFS). The same conditions apply to tokens on the Solana network.