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 USDG, unlike the existing stablecoins on its network where it does not earn from reserve economics. USDG is backed one-for-one by dollar reserves and is supported by over 150 partners including Kraken, Robinhood, and Mastercard. Arbitrum plans to prioritize USDG growth through governance proposals and incentives, reflecting a broader trend of stablecoin consortiums spreading issuance and economic benefits across multiple partners rather than centralizing control. This development positions Arbitrum to capture more value from the growing digital dollar stablecoin market.
Arbitrum's token ARB is trading at Rp3.590 on Pluang, down 2.58% in the last day. The market cap stands at Rp24.31 trillion with a 24-hour trading volume of Rp3.26 trillion as of Oct 06, 2026 20:23 WIB.
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 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 eco...
