Stablecoin issuer Paxos has released its first USDG attestation report, which discloses that as of 5:00 PM Singapore time on October 31, 2024, the number of tokens held by USDG contracts on the Ethereum network was 10,750,140, the fair value of redeemed assets was at least equal to or greater than $10,750,140, and the number of USDG tokens did not exceed the balance of redeemed assets reported below. USDG is a Singapore compliance stablecoin launched by Paxos in partnership with DBS Bank, which is responsible for the management of US dollar reserves.