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🤑Paxos Releases First Report on USDG Certification
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According to PANews, Paxos, a stablecoin issuer, has released its inaugural USDG certification report. The report reveals that as of 5pm on October 31, 2024, Singapore time (UTC+8), the Ethereum network’s USDG contract held 10,750,140 tokens. The fair value of the redemption assets is at least equal to or greater than $10,750,140, ensuring that the number of USDG tokens does not exceed the reported redemption asset balance.
According to PANews, Paxos, a stablecoin issuer, has released its inaugural USDG certification report. The report reveals that as of 5pm on October 31, 2024, Singapore time (UTC+8), the Ethereum network’s USDG contract held 10,750,140 tokens. The fair value of the redemption assets is at least equal to or greater than $10,750,140, ensuring that the number of USDG tokens does not exceed the reported redemption asset balance.
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