Arbitrum joins Paxos-led Global Dollar Network as USDG lands on Ethereum L2
Summary
USDG, issued by Paxos through the Global Dollar Network, has launched on Arbitrum with integrations across trading, lending and payments. The network’s model shares rewards from USDG reserve income with partners that help grow adoption, potentially giving Arbitrum and its builders revenue from stablecoin activity. Arbitrum holds about $3.8 billion in stablecoins, mostly USDC, but currently receives no direct share of their reserve income. A proposal asks ArbitrumDAO to prioritize USDG growth, add 100 million ARB to its DRIP incentives and use treasury assets to support liquidity. The launch reflects growing competition among partner-led stablecoin networks.
