PANews reported on January 1 that the stablecoin issuer Paxos officially released the second USDG attestation report, which disclosed that as of November 29, 2024 Singapore time, the number of tokens held by USDG contracts on the Ethereum network increased to 29,386,864, an increase of 18,636,724 from the end of October. The fair value of the redeemed assets is at least equal to or greater than US$29,467,869, and the number of USDG tokens does not exceed the redemption asset balance reported below.
In addition, USDG is a Singapore-compliant stablecoin launched by Paxos in cooperation with DBS Bank, with DBS Bank responsible for US dollar reserve management.
