Stablecoin issuer Paxos has released its second attestation report for USDG, which discloses that as of November 29, 2024, Singapore time, the number of tokens held under the USDG contract on the Ethereum network has increased to 29,386,864, an increase of 18,636,724 tokens since 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 by Paxos in collaboration with DBS Bank, with DBS Bank responsible for managing the USD reserves.