Arbitrum joined the Global Dollar Network, the stablecoin consortium led by Paxos, with the goal of capturing a share of the yield generated by the reserves backing the USDG digital dollar already circulating on its network.
The stablecoin, backed one-to-one by dollar reserves and with more than $3 billion in circulation, launched across Arbitrum’s DeFi ecosystem with integrations on Fluid, Morpho, GMX, Maple, Li.Fi, LayerZero, and Kraken, among other platforms. Uniswap and Fhenix will join soon.
$USDG from @Paxos is now live on Arbitrum.
Joining the Global Dollar Network brings Arbitrum closer to GDN members like @RobinhoodApp, @krakenfx, @OKX and more.
We'll grow $USDG as a core asset on Arbitrum One through partner incentives and protocol-level integrations. 🧵 pic.twitter.com/2m9YkHbdGi
— Arbitrum (@arbitrum) October 6, 2026
The Global Dollar Network’s model distributes the yield generated by USDG reserves among the partners driving its adoption, rather than directing those benefits solely to the issuer.
Arbitrum currently hosts approximately $3.8 billion in stablecoins, of which roughly 60% is Circle’s USDC, without the network receiving a direct share of those reserve earnings.
Brendan Ma, Director of Investment Strategy at the Arbitrum Foundation, said that with USDG, “both Arbitrum and the platform’s developers now have a stake in the growth.”
A governance proposal published today asks the ArbitrumDAO to declare USDG growth a strategic priority, allocate 100 million ARB to the DRIP incentive program, and use treasury assets to support its liquidity.
Source: https://x.com/arbitrum/status/2107456046809879037
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