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Paxos releases the second USDG attestation report: as of the end of November, the number of tokens on the Ethereum network has increased to 29,386,864.
Golden Finance reported that Paxos, the issuer of the stablecoin, has released its second USDG attestation report, which discloses that as of November 29, 2024, the number of USDG tokens held in the Ethereum network has increased to 29,386,864, an increase of 18,636,724 since the end of October. The fair value of the redeemed assets is at least equal to or greater than $29,467,869, and the number of USDG tokens does not exceed the redemption asset balance stated in the report. In addition, USDG is a Singapore-compliant stablecoin launched by Paxos in collaboration with DBS Bank, with DBS Bank responsible for the management of USD reserves.