Paxos Expands USDG Stablecoin to Arbitrum
The network will share USDG rewards with partners and seek 100 million ARB in incentives to boost stablecoin adoption, according to the proposal.
- On Tuesday, Arbitrum joined the Paxos-led Global Dollar Network, launching the USDG stablecoin with integrations spanning trading, lending, and payments including Fluid, Morpho, GMX, and Maple.
- The move allows Arbitrum to capture revenue from USDG activity, addressing a gap where the network currently receives no direct share of reserve income from other circulating stablecoins.
- A governance proposal published Tuesday asks ArbitrumDAO to add 100 million ARB to its DRIP incentive program to drive USDG adoption, as roughly $3.8 billion in stablecoins currently circulate on the network.
- The Global Dollar Network includes more than 150 partners including Robinhood, Kraken, Mastercard, and OKX, distributing rewards among participants rather than concentrating economics with a single issuer.
- This integration positions Arbitrum as infrastructure for financial platforms moving traditional assets onchain, a sector Standard Chartered expects to reach $4 trillion by the end of 2028.
11 Articles
11 Articles
Paxos Launches $3B USDG Stablecoin on Arbitrum
Paxos’ Global Dollar stablecoin, USDG, has begun issuing on Arbitrum, expanding the stablecoin’s footprint as Arbitrum positions itself as a settlement and tokenization platform for onchain finance. According to an announcement shared with Cointelegraph, USDG is now natively issued on Arbitrum One and integrated with DeFi protocols including Fluid, Morpho, GMX, and Maple. Kraken will [...]
coin-turk.com
BITRSS🚨 Arbitrum has launched Paxos's $USDG stablecoin on its network. 📌 USDG was natively mined on Arbitrum One and integrated with Kraken and various DeFi protocols. 📊 The offering on the ArbitrumDAO includes a 100 million ARB incentive to boost adoption. 🧭 Standard Chartered believes Arbitrum could stand out in the tokenization wave expected to reach $4 trillion by the end of 2028. Read More: Arbitrum Launches Paxos’s USDG Stablecoin on its Net…
According to the announcement of the launch, Paxos brought USDG natively to Arbitrum One and connected it with DeFi, Kraken and Stargate protocols. In parallel, a proposal to the DAO proposes to allocate 100 million ARB to incentives and use treasury resources to support its liquidity; the initiative does not qualify as approved.
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
