ChainCatcher news, Paxos officially released the April Pax Gold (PAXG) transparency report, which discloses the unaudited financial data of PAXG as of April 30 at 5 PM Eastern Time. The main points include: the circulating supply of issued PAXG slightly increased to 184,251.712 tokens, the reserve gold slightly increased to 184,251.761 ounces, and PAXG maintains over-collateralization.PAX Gold tokens are a type of cryptocurrency stablecoin that allows financial market participants to trade tokenized London Good Delivery gold on the blockchain, with each token representing ownership of the London Good Delivery gold held in the vault.

ChainCatcher news, Cardano developers recently announced in a meeting that its first decentralized stablecoin Djed will launch on the mainnet in January. Djed, developed in collaboration with Coti and Cardano's chief developer Input Output, has been in development for over a year and is a decentralized stablecoin soft-pegged to the US dollar. Upon launch, Djed will be integrated into 40 applications within the Cardano ecosystem.After the launch of Djed, Cardano users will be able to use Cardano's native token ADA as collateral to mint the stablecoin, which is designed to be over-collateralized, requiring more than 400% collateral value for each Djed minted. (The Block)