Arbitrum has adopted Paxos’ USDG as its core ecosystem dollar, launching natively on Arbitrum One on October 6, 2026, with immediate integrations from Fluid, Morpho, GMX, Maple and Kraken exchange support. Approximately 7 million ARB tokens have been allocated to incentivize USDG usage, while GMX is offering liquidity pools with over 8% APR on USDG pairs during an eight-week launch boost period. USDG’s circulating supply and market capitalization are estimated above $3 billion, ranging from approximately $3.1 billion to $3.5 billion. The stablecoin is backed 1:1 by US dollar cash and equivalents with monthly attestations, operating under oversight from Singapore’s Monetary Authority and the EU’s MiCA framework. USDG already had multi-chain deployment before this Arbitrum expansion and is part of the Global Dollar Network comprising over 150 partner organizations.
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