Arbitrum Adds Paxos USDG as Official Ecosystem Stablecoin

Arbitrum has adopted Paxos' USDG as its official ecosystem stablecoin. The new stablecoin is now live on Arbitrum One, supported by key players including Fluid, Morpho, GMX, Maple, and Kraken.

Simultaneously, a proposal was submitted to ArbitrumDAO seeking an additional 100 million ARB tokens to be allocated to an existing incentive program. Notably, this program currently has about 63.7 million ARB tokens remaining unspent.