Exchanges· ★★· neutral·

Kraken adds USDG deposits and withdrawals on Arbitrum One

  • —USDG is a dollar stablecoin issued by Paxos and redeemable 1:1 for USD
  • —Reserves are held in cash and cash equivalents in segregated accounts
  • —On Arbitrum One USDG is issued natively, not bridged from Ethereum
  • —USDG trading was already live on Kraken; only the network was added
Why it matters: Native USDG issuance on Arbitrum removes bridge delays for Kraken users and extends the Paxos stablecoin's reach across L2 ecosystems.
#USDG#ARB
Source: Kraken Blog
More on this
DeFi · Oct 6
Paxos' USDG goes live on Arbitrum with Uniswap, Morpho, GMX and Kraken integrations
 DeFi · Oct 8
USDG Market Cap on Arbitrum One Climbs to $31.2M After $10.2M Daily Jump
 DeFi · Oct 19
Arbitrum proposal would add Paxos USDG to core strategy with 100M ARB boost