Paxos-issued stablecoin Global Dollar (USDG) has launched on Arbitrum One with integrations across decentralized finance protocols including Fluid, Morpho, GMX and Maple. Kraken will support deposits and withdrawals of the stablecoin, while Stargate will enable transfers between Arbitrum and other blockchains.
A proposal to the ArbitrumDAO would designate USDG growth as a strategic objective and allocate 100 million ARB tokens to an incentive program designed to increase adoption. The proposal also calls for deploying Arbitrum treasury assets to support USDG liquidity, with the Arbitrum Foundation offering support to businesses that integrate the stablecoin.
As a Global Dollar Network partner, Arbitrum will share in rewards generated by USDG activity on the network, with proceeds directed toward adoption and ecosystem development.
USDG is the seventh-largest stablecoin by market capitalization, with approximately $3.09 billion in circulation according to DeFiLlama data. Most of its supply is currently concentrated on X Layer, Robinhood Chain and Solana. Approximately $4 billion in stablecoins are held on Arbitrum, according to the Arbitrum Foundation.
The launch reflects Arbitrum's expansion beyond crypto-native applications as the network becomes infrastructure for financial platforms bringing traditional assets onchain. Robinhood Chain, built on Arbitrum, launched its public mainnet in July and is designed to support tokenized real-world and digital assets including 24/7 trading, lending markets and perpetual futures exchanges.
