According to PANews, stablecoin issuer Paxos has released its second attestation report for USDG. The report reveals that as of November 29, 2024, on the Ethereum network, the number of USDG tokens held in contracts increased to 29,386,864, marking an issuance of 18,636,724 tokens since the end of October. The fair value of redeemable assets is at least equal to or greater than $29,467,869, ensuring that the number of USDG tokens does not exceed the balance of redeemable assets reported.
Additionally, USDG is a compliant stablecoin in Singapore, launched in collaboration with DBS Bank. DBS Bank is responsible for managing the U.S. dollar reserves backing the stablecoin.