Paxos' USDG goes live on Arbitrum with Uniswap, Morpho, GMX and Kraken integrations
- —USDG is live on Arbitrum One with Fluid, Morpho, GMX, Maple, Uniswap and Kraken integrations
- —About $4 billion of stablecoins are held on Arbitrum
- —More than $10 million in incentives back the DRIP program
- —ArbitrumDAO is asked to commit 100 million ARB to USDG liquidity and adoption
Why it matters: Arbitrum now shares in the economics of stablecoins on its own network, while USDG's $3 billion circulation steps up competition with USDC and USDT.
Source: Arbitrum Blog