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Arbitrum One launches USDG stablecoin backed by Paxos

USDG is live on Arbitrum One with Fluid, Morpho, GMX, Maple and Kraken behind it, and an ArbitrumDAO proposal would add 100 million ARB to an incentive program with about 63.7 million ARB unspent.

Reported · Written up by our desk · Stablecoins

The Defiant reports that Arbitrum has launched Paxos-backed USDG on Arbitrum One, with Fluid, Morpho, GMX, Maple and Kraken listed among the ecosystem participants behind the rollout.

In a proposal published the same day, ArbitrumDAO is asked to add 100 million ARB to an incentive program that still has about 63.7 million ARB unspent.

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