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

2025-01-01 19:31:28 2 days ago CoinRank

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

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