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Oct 6, 2026

Arbitrum adopts Paxos USDG as ecosystem stablecoin

Paxos-issued Global Dollar stablecoin went live on Arbitrum One with support from Fluid, Morpho, GMX, Maple and Kraken. A proposal asks ArbitrumDAO to add 100 million ARB to an incentive program. USDG market cap has grown 340% over the past year to $3.2 billion.

Oct 6, 2026·2 sources

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Top claims

▪Brendan Ma, the head of investment strategy at the Arbitrum Foundation, stated that USDG gives Arbitrum and its builders a stake in USDG's growth upside
▪Arbitrum does not receive a direct share of the reserve income generated by Circle's USDC tokens currently circulating on Arbitrum's network
▪In Europe, the stablecoin consortium Qivalis is backed by 37 banks to distribute issuance, distribution, and economics across a broader network of partners

Topics

DAO governance Stablecoins Layer 2s DeFi Stablecoin adoption