Paxos’ $3B USDG stablecoin launches on Arbitrum
Summary
Paxos-issued USDG has launched natively on Arbitrum One, with support from DeFi platforms Fluid, Morpho, GMX and Maple. Kraken will enable deposits and withdrawals, and Stargate will support cross-chain transfers. An ArbitrumDAO proposal would designate USDG growth a strategic objective and allocate 100 million ARB for incentives, alongside treasury liquidity support and grants for businesses integrating the stablecoin. Arbitrum will also receive rewards tied to USDG activity for ecosystem development. The launch comes as Arbitrum expands into tokenized assets and financial applications. The network currently holds about $4 billion in stablecoins; USDG has roughly $3.09 billion in circulation, mostly on other networks.
