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.

ChainCatcher news, Tether's Chief Technology Officer Paolo Ardoino stated on Twitter that Tether's new proof will be released next week. The proof will include more disclosures, and Tether achieved good results in the first quarter of 2023, which will also enhance transparency.Previously reported, in early April, Paolo Ardoino mentioned on Twitter that the company's profit for the first quarter of this year has exceeded 700 million USD. (source link)