Odaily News Global Dollar Network announced that Global Dollar (USDG) is now available on the Ink Blockchain. USDG is a US dollar-pegged single-currency stablecoin issued by Paxos, which was previously available on the Solana Blockchain and maintained Ethereum compatibility. (PRNewswire)

According to Gate.io News bot, as reported by Wu, the Solana ecosystem lending protocol Loopscale announced that it will resume withdrawal functions at 10:00 AM Eastern Time on May 9 (10:00 PM Beijing Time on May 9). The protocol has completed the audit work for the update patch. In the early recovery phase, the protocol imposes a 24-hour withdrawal limit for users: the daily withdrawal limit for SOL deposit users is 2500 SOL, for USDC and USDG users it is 500000 USDC/USDG, and for jitoSOL users it is 500 jitoSOL. Previously, Loopscale suffered a hacking attack, resulting in approximately 5.7 million USDC and 1,200 SOL being stolen. After negotiations with the hacker, all stolen funds have been recovered.

Odaily Planet Daily News Standard Chartered Bank announced that it will provide cash management, trading, and custody services for Paxos stablecoin issuance outside the United States. Paxos has issued Lift Dollar (USDL) (Market Cap $54 million) in Abu Dhabi and Global Dollar (USDG) (Market Cap $29 million) in Singapore. In addition, Paxos has also issued Paypal USD

Loopscale has released an update on the hacker attack incident on the X platform, and is about to complete the work to re-enable Vault withdrawals. It is expected to be ready in the next few days, with a fund balance of 5,697,102.5 USDC and 1,215 SOL. Each vault will be subject to a 24-hour withdrawal limit to drop liquidity shock and prevent borrowing interest rates from soaring.

Golden Finance reported that Stable Coin USDG is now available on the Solana blockchain to expand accessibility and utility, while USDG also disclosed new partners such as alfred, Caliza, Noah, RAIN, and Sling Money.

Golden Finance reported that Paxos, the issuer of stablecoin, has released its second USDG attestation report, which discloses that the number of USDG tokens held in the ETH blockchain contract as of November 29, 2024, Singapore time, has increased to 29,386,864, an increase of 18,636,724 since the end of October. The fair value of the redeemed assets is at least equal to or greater than $29,467,869, and the number of USDG tokens does not exceed the redemption asset balance in the report. In addition, the news, USDG is Paxos and DBS

Paxos has released its first USDG attestation report, disclosing that as of 5 pm on October 31, 2024, the number of tokens held in the USDG contract on the ETH network is 10,750,140, and the fair value of the redeemed assets is at least equal to or greater than 10,750,140 USD. USDG is a Singapore Compliance stablecoin launched by Paxos in cooperation with Standard Chartered Bank.