TechFlow news — On November 3, Paxos announced that it expects to release the first attestation report for USDG, its regulated Singapore dollar-pegged stablecoin developed in partnership with DBS Bank, this month (November 2024).
Paxos stated that the attestation report will be issued by Enrome LLP, an independent third-party accounting firm, and the audit will be conducted in accordance with standards set by the Institute of Singapore Chartered Accountants.
According to the announcement, Paxos plans to publish these attestation reports on a monthly basis going forward, aiming to build community trust by ensuring complete transparency and reliability of financial data.
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