Paxos’s USDG stablecoin saw its market cap on Arbitrum One surge by $10.2 million in 24 hours to reach $31.2 million, representing roughly 49% growth in a single day. USDG launched natively on the network on October 6, 2026, with integrations across major DeFi protocols including Fluid for trading, Morpho for lending, GMX for deposits, and Maple for yield products. USDG’s total circulating supply now exceeds $3.2 billion, ranking it as the seventh-largest stablecoin by market capitalization. An ArbitrumDAO proposal seeks to allocate 100 million ARB tokens to incentivize USDG liquidity and adoption on the network.
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