🧠 USDG | Reserves and attestations: what stands behind a dollar stablecoin
Reserves are the assets held to back a stablecoin's tokens, while an attestation is a third-party examination of those holdings at a specific point in time, narrower in scope than a full audit. USDG is described as fully redeemable from Paxos on a one-to-one basis for US dollars, issued by Paxos Digital Singapore under MAS supervision and in the EU by Paxos Issuance Europe Oy under FIN-FSA regulation, compliant with MiCA. When reading reserve disclosures, check who performs the review, what it covers and how often it is published.
Key takeaway: Redemption terms and the identity of the regulated issuer show who stands behind a stablecoin, while an attestation shows what was verified and when.
Source: Official site https://globaldollar.com
#GlobalDollar #Stablecoins
Reserves are the assets held to back a stablecoin's tokens, while an attestation is a third-party examination of those holdings at a specific point in time, narrower in scope than a full audit. USDG is described as fully redeemable from Paxos on a one-to-one basis for US dollars, issued by Paxos Digital Singapore under MAS supervision and in the EU by Paxos Issuance Europe Oy under FIN-FSA regulation, compliant with MiCA. When reading reserve disclosures, check who performs the review, what it covers and how often it is published.
Key takeaway: Redemption terms and the identity of the regulated issuer show who stands behind a stablecoin, while an attestation shows what was verified and when.
Source: Official site https://globaldollar.com
#GlobalDollar #Stablecoins