Arbitrum Bets Big on Stablecoins With Paxos Partnership

Arbitrum joined the Global Dollar Network, a stablecoin group led by Paxos, with the USDG stablecoin launching on the network this week. Partners include Morpho, GMX, Fluid, and Maple, with Kraken providing on-ramp and off-ramp services. Arbitrum plans to add 100 million ARB tokens to its incentive program to support the initiative.