Arbitrum Adopts Paxos' USDG as Its Ecosystem Dollar
- —Paxos' USDG launched on Arbitrum One as the ecosystem stablecoin
- —Fluid, Morpho, GMX, Maple and Kraken are backing the launch
- —ArbitrumDAO proposal seeks to add 100 million ARB to incentives
- —About 63.7 million ARB remains unspent in the incentive program
Why it matters: USDG gains a major L2 venue, while fresh incentives worth 100 million ARB could deepen liquidity and activity across Arbitrum.
Source: The Defiant