Paxos To Release First Attestation Report For Singapore Compliant Stablecoin USDG

According to PANews, Paxos has announced on its official website that it plans to release the first attestation report for the Singapore compliant stablecoin USDG, developed in collaboration with DBS Bank, in November 2024. Paxos stated that the attestation report will be issued by the independent third-party accounting firm Enrome LLP, following the standards set by the Institute of Singapore Chartered Accountants. Paxos aims to build community trust and ensure complete transparency and reliability of financial data through this initiative. The company also mentioned that subsequent attestation reports will be published monthly.