Recently, we proposed a new method to improve the signal-to-noise ratio of the prebeamformed radio-frequency data in synthetic transmit aperture (STA) imaging: the delay-encoded STA (DE-STA) imaging. In the decoding process of DE-STA, the equivalent STA data were obtained by directly inverting the coding matrix. This is usually regarded as an ill-posed problem, especially under high noise levels. Pseudoinverse (PI) is usually used instead for seeking a more stable inversion process. In this paper, we apply singular value decomposition to the coding matrix to conduct the PI. Our numerical studies demonstrate that the singular values of the coding matrix have a special distribution, i.e., all the values are the same except for the first and last ones. We compare the PI in two cases: complete PI (CPI), where all the singular values are kept, and truncated PI (TPI), where the last and smallest singular value is ignored. The PI (both CPI and TPI) DE-STA processes are tested against noise with both numerical simulations and experiments. The CPI and TPI can restore the signals stably, and the noise mainly affects the prebeamformed signals corresponding to the first transmit channel. The difference in the overall enveloped beamformed image qualities between the CPI and TPI is negligible. Thus, it demonstrates that DE-STA is a relatively stable encoding and decoding technique. Also, according to the special distribution of the singular values of the coding matrix, we propose a new efficient decoding formula that is based on the conjugate transpose of the coding matrix. We also compare the computational complexity of the direct inverse and the new formula.