The USDG stablecoin, issued by Paxos, has successfully launched on the Arbitrum network. This event took place in October 2026, when Arbitrum proposed to allocate 100 million ARB as incentives to support the growth and liquidity of USDG. USDG, representing the Global Dollar, was natively issued on Arbitrum One and integrated with several decentralized finance protocols such as Fluid, Morpho, GMX, and Maple. The cryptocurrency exchange Kraken will support deposits and withdrawals, while Stargate will facilitate asset transfers between Arbitrum and other blockchains.
The proposal made in ArbitrumDAO includes a strategic goal for USDG's growth and the allocation of funds for an incentive program. It is also planned to use Arbitrum's treasury assets to support USDG's liquidity, and enterprises integrating the stablecoin can apply for support from the Arbitrum Fund. According to Arbitrum Foundation data, approximately 4 billion dollars in stablecoins are currently held on the platform. As for USDG, it ranks seventh among stablecoins by market capitalization, with a circulation of about 3.09 billion dollars according to DeFiLlama. A significant portion of the USDG supply is concentrated on X Layer, Robinhood Chain, and Solana.
The launch of USDG coincided with Arbitrum's expansion beyond crypto applications and its transition to infrastructure for financial platforms converting traditional assets into digital form. Notably, the launch of Robinhood Chain, whose public mainnet was launched in July after testing in February, stands out. This second-layer network on Ethereum is built using Arbitrum technology and designed to support tokenized real and digital assets. Last month, Standard Chartered Bank predicted that Robinhood Chain might signal a shift in economic conditions for Arbitrum. The bank expects that economic indicators and growing asset tokenization could help push the ARB price to $10 by 2030. Tokenized assets are expected to reach 4 trillion dollars by the end of 2028, with Arbitrum among the potential beneficiaries as assets increasingly move into digital form.
This material is prepared solely for informational purposes and does not constitute financial advice or a recommendation.
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