Arbitrum has launched Paxos’ regulated stablecoin USDG natively on its Arbitrum One network, supported by integrations from Fluid, Morpho, GMX, Maple, and Kraken. USDG is intended to be a core settlement and liquidity asset across Arbitrum’s DeFi ecosystem, with GMX offering over 8% APR on USDG liquidity pools for eight weeks and about 7 million ARB tokens allocated as incentives. USDG is backed 1:1 by US dollars, regulated under Singapore and EU frameworks, and benefits from the Global Dollar Network’s revenue-sharing model, giving it a strong distribution advantage. This move aims to boost stablecoin use and liquidity on Arbitrum, enhancing DeFi activity and user incentives.
As of Oct 06, 2026 20:28 WIB, ARB (Arbitrum) trades at Rp3.579 on Pluang, down 2.88% in the last day, with a market cap of Rp24,31 trillion and a 24-hour volume of Rp3,26 trillion. Meanwhile, GMX, which supports USDG liquidity pools, is up 3.19% at Rp156.575 with a market cap of Rp1,64 trillion. The ongoing incentives including about 7 million ARB tokens and over 8% APR on GMX liquidity pools coincide with active trading and a typical hold time of 63 days for ARB on Pluang.
Wintermute reports that the cryptocurrency bull cycle is still in its early stages, despite recent pauses in top altcoins like NEAR, XRP, and ARB. Bitcoin remains strong, holding key support levels and showing potential for further gains, though infl...
Arbitrum, an Ethereum layer-2 network, has joined the Paxos-led Global Dollar Network, integrating the Paxos-issued stablecoin USDG into its DeFi ecosystem. This move allows Arbitrum and its partners to earn a share of the reserve income generated by...
