PAX's November audit report: PAX's USD asset balance pledged at banks is approximately $ 219 million

Withum, a well-known accounting firm in the United States, released an audit report of USD bank accounts mortgaged by PAX in November 2019. The report shows that as of November 29, 2019, the balance of USD assets mortgaged by PAX in banks was USD 218,729,575.15 (about 219 million). The data on the Ethereum chain shows that the current total supply of PAX is 218,729,575.15 (about 219 million). This report shows that every 1 PAX is allocated a redemption value of 1 USD, and the USD is strictly anchored in a 1: 1 ratio.