Paxos-issued USDG hits $3.2 billion market cap after 340% yearly jump
- —USDG market cap reached $3.2 billion, up 340% over the past year
- —X Layer holds $1.51 billion, Robinhood Chain $703 million, and Solana $631 million
- —USDG trading volume on Uniswap hit $21.8 billion in September 2026, 98% of its DEX activity
- —USDG launched natively on Arbitrum One on October 6, 2026, with DeFi protocol support
Why it matters: USDG's growth shows how stablecoins scale through exchange and chain integrations, but heavy concentration on X Layer poses a risk to its market cap.
Source: Crypto Briefing