Stablecoin issuer Paxos released its 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 tokens compared to 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 reported below.

Additionally, USDG is a compliant stablecoin launched in collaboration with DBS Bank, with DBS Bank responsible for managing the USD reserves.