Paxos-issued stablecoin Global Dollar (USDG) is now live on Arbitrum, with the network joining the Global Dollar Network and positioning the token as part of a broader push for adoption and liquidity.
According to an announcement shared with Cointelegraph, USDG is natively issued on Arbitrum One and has launched with integrations across decentralized finance protocols including Fluid, Morpho, GMX and Maple. Kraken will support deposits and withdrawals, and Stargate will enable transfers between Arbitrum and other blockchains.
A proposal submitted to ArbitrumDAO would make USDG growth a strategic objective. It also seeks to add 100 million ARB to an incentive program designed to increase adoption. The proposal calls for deploying Arbitrum treasury assets to support USDG liquidity, while businesses integrating the stablecoin would be able to apply for support from the Arbitrum Foundation.
As a Global Dollar Network partner, Arbitrum will share in rewards generated by USDG activity on the network. Those proceeds are slated for adoption efforts and ecosystem development.
According to the Arbitrum Foundation, about $4 billion in stablecoins are currently held on Arbitrum. DeFiLlama data shows USDG has around $3.09 billion in circulation, making it the seventh-largest stablecoin by market capitalization. Most of its supply is concentrated on X Layer, Robinhood Chain and Solana.
Arbitrum leans into tokenization
The USDG launch comes as Arbitrum expands beyond crypto-native applications and pushes to become infrastructure for financial platforms bringing traditional assets onchain.
The highest-profile example cited in the report is Robinhood Chain, which launched its public mainnet in July after a public testnet debut in February. Built using Arbitrum, the Ethereum layer-2 network is designed to support tokenized real-world assets and digital assets, including 24/7 trading, lending markets and perpetual futures exchanges.
Last month, Standard Chartered said Robinhood Chain could point to a change in Arbitrum’s economics, with the network set to receive 10% of net protocol revenue generated by companies building on its infrastructure.
The bank said that model, together with growth in asset tokenization, could help push ARB to $10 by 2030, roughly 70 times its price at the time of the forecast. Standard Chartered also expects tokenized assets to reach $4 trillion by the end of 2028, with Arbitrum listed among the potential beneficiaries as more assets move onchain.