DollarGoin to Arbitrum: Paxos' USDG Lands, DAO Brings ARB Snacks 🪙

Paxos-issued Global Dollar (USDG) has launched on Arbitrum One as the Ethereum layer-2 network formally joins the Global Dollar Network. The stablecoin is natively issued on Arbitrum with integrations across decentralized finance protocols Fluid, Morpho, GMX and Maple, while Kraken will support deposits and withdrawals and Stargate will handle cross-chain transfers.

A proposal submitted to the ArbitrumDAO seeks to designate USDG growth as a strategic objective and allocate 100 million ARB to an adoption-focused incentive budget. The proposal also calls for deploying Arbitrum treasury assets to back USDG liquidity, with businesses integrating the stablecoin eligible to apply for support from the Arbitrum Foundation. 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 roughly $3.09 billion in circulation per DeFiLlama data. Most of its supply is concentrated on X Layer, Robinhood Chain and Solana. About $4 billion in stablecoins are currently held on Arbitrum, according to the Arbitrum Foundation, which frames the rollout as a step toward positioning Arbitrum as infrastructure for tokenized real-world and digital assets.

The network's flagship example is Robinhood Chain, which launched its public mainnet in July after a public testnet debuted in February. Robinhood Chain is built using Arbitrum and designed to support tokenized real-world and digital assets, including 24/7 trading, lending markets and perpetual futures exchanges. Last month, Standard Chartered said Robinhood Chain could shift Arbitrum's economics, noting the network will receive 10% of net protocol revenue generated by companies building on its infrastructure. The bank forecast those mechanics, combined with growing asset tokenization, could help push ARB to $10 by 2030. Standard Chartered expects tokenized assets to reach $4 trillion by the end of 2028, with Arbitrum positioned among the potential beneficiaries as more assets move onchain.