Paxos' USDG Stablecoin Launches on Arbitrum, DAO Proposes 100 Million ARB in Incentives
Paxos' USDG stablecoin is now live on Arbitrum One, according to The Defiant and Cointelegraph. The launch brings in support from Fluid, Morpho, GMX, Maple and Kraken, according to The Defiant.
A proposal published the same day as the launch asks ArbitrumDAO to commit A proposal published the same day asks ArbitrumDAO to add 100 million ARB to an incentive program that still has about 63.7 million ARB unspent
ARB to an incentive program meant to support USDG adoption and liquidity, according to The Defiant and Cointelegraph. The Defiant reports that program still has roughly A proposal published the same day asks ArbitrumDAO to add 100 million ARB to an incentive program that still has about 63.7 million ARB unspent
ARB unspent.
Cointelegraph describes USDG as a Paxos’ $3B USDG stablecoin launches on Arbitrum.
stablecoin. Separately, CoinDesk reports that Arbitrum has joined the Paxos-led stablecoin group Global Dollar, a move framed as part of the network’s effort to capture growth in the digital dollar market.
The launch adds USDG to Arbitrum’s roster of stablecoins used across its DeFi and trading venues, with Kraken among the exchanges supporting the token, according to The Defiant.
Sources: The Defiant, Cointelegraph, CoinDesk
This article is for information only and is not financial advice.
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