Paxos USDG Stablecoin Debuts on Arbitrum with $3 Billion Supply

Paxos has launched its stablecoin, Global Dollar (USDG), on the Arbitrum blockchain, marking the network's entry into the Global Dollar Network. The stablecoin is natively issued on Arbitrum One and is already integrated with several decentralized finance (DeFi) protocols, including Fluid, Morpho, GMX, and Maple. Kraken will support USDG deposits and withdrawals, while Stargate will facilitate transfers between Arbitrum and other blockchains.

A proposal submitted to the ArbitrumDAO aims to make USDG growth a strategic objective, allocating 100 million ARB to an incentive program to boost adoption. The proposal also suggests deploying Arbitrum treasury assets to support USDG liquidity. Businesses integrating the stablecoin can seek support from the Arbitrum Foundation. As a partner in the Global Dollar Network, Arbitrum will share in rewards generated by USDG activity, with proceeds directed toward adoption and ecosystem development.

The launch comes as Arbitrum expands beyond crypto-native applications to become infrastructure for financial platforms bringing traditional assets onchain. One prominent example is Robinhood Chain, which launched its public mainnet in July. Built using Arbitrum, the Ethereum layer-2 network supports tokenized real-world and digital assets, including 24/7 trading, lending markets, and perpetual futures exchanges.

Standard Chartered recently highlighted that Robinhood Chain could signal a shift in Arbitrum’s economics, with the network receiving 10% of net protocol revenue generated by companies building on its infrastructure. The bank forecast that growing asset tokenization could help push the price of ARB to $10 by 2030, roughly 70 times its current price. Standard Chartered expects tokenized assets to reach $4 trillion by the end of 2028, with Arbitrum among the potential beneficiaries.