Paxos: Plans to release the first attestation report for the Singapore-compliant stablecoin USDG this month

ChainCatcher news, according to official sources, Paxos announced that it expects to release the first attestation report for the Singapore compliant stablecoin USDG, launched in collaboration with DBS Bank, this month (November 2024). Paxos stated that the attestation report is intended to be issued by the independent third-party accounting firm Enrome LLP, and this review will be conducted according to the standards set by the Singapore Institute of Chartered Accountants.

It is reported that Paxos will subsequently release attestation reports monthly, aiming to build community trust and ensure that financial data is completely transparent and reliable.