Arbitrum adopts Paxos' USDG as ecosystem dollar with DeFi support

Key Summary

Arbitrum has integrated Paxos' USDG stablecoin, which is being issued directly on the network, to serve as a core settlement and liquidity asset across DeFi apps. The stablecoin is backed by Paxos with 1:1 US dollar cash and equivalents, and has a circulating supply of over $3 billion.