Paxos: As of the end of October, the number of USDG tokens on the Ethereum network is 10,750,140

On December 1, stablecoin issuer Paxos released its first attestation report for USDG, revealing that as of 5 p.m. Singapore time on October 31, 2024, the number of tokens held by the USDG contract on the Ethereum network was 10,750,140. The fair value of redeemable assets is at least equal to or greater than $10,750,140 and the number of USDG tokens does not exceed the reported balance of redeemable assets.

Previously it was reported that USDG is a compliant stablecoin launched in collaboration between Paxos and DBS Bank in Singapore. DBS Bank is responsible for managing dollar reserves.