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Paxos releases the first USDG attestation report: as of the end of October, the number of tokens on the Ethereum network was 10,750,140.
Golden Finance reported that Paxos, the issuer of stablecoin, has released its first USDG attestation report, which discloses that as of 5 pm Singapore time on October 31, 2024, the number of USDG tokens held in the Ethereum network was 10,750,140, and the fair value of the redemption assets is at least equal to or greater than 10,750,140 US dollars. The number of USDG tokens does not exceed the redemption asset balance in the report. USDG is a Singapore Compliance stablecoin launched by Paxos in collaboration with DBS Bank, responsible for USD reserve management.