Paxos releases second USDG verification report: As of the end of November, the number of Ethereum network tokens increased to 29,386,864

stablecoin issuer Paxos has released its second USDG attestation report, revealing that as of November 29, 2024 Singapore time, the number of tokens held in the USDG contract on the Ethereum network has increased to 29,386,864, an increase of 18,636,724 from the end of October. The fair value of redemption assets is at least equal to or greater than $29,467,869, and the number of USDG tokens has not exceeded the redemption asset balance in the report.

In addition, USDG is a compliant stablecoin launched by Paxos in collaboration with DBS Bank in Singapore, with DBS Bank responsible for managing the US dollar reserves.