DeFi· ★★★★· bullish·

Arbitrum joins Paxos-led Global Dollar Network, launches USDG

  • —Paxos-issued USDG launched on Arbitrum, with over $3 billion in circulation
  • —Arbitrum will share in a portion of USDG reserve revenue
  • —Arbitrum DAO proposal would add 100 million ARB for USDG incentives
  • —About $3.8 billion in stablecoins circulate on Arbitrum, 60% of it USDC
Why it matters: Arbitrum gains a share of USDG reserve revenue, creating a new income stream for the DAO and intensifying competition with USDC.
#ARB#USDC
Source: Bloomingbit
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