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Arbitrum joins Paxos-led Global Dollar Network as USDG launches on the network

NewsFeeds update

Arbitrum, an Ethereum layer-2 network, has joined the Paxos-led Global Dollar Network, and Paxos-issued stablecoin USDG has launched on Arbitrum. About $3.8bn of stablecoins circulate on Arbitrum, with USDC at roughly 60%.

StablecoinsCoinNessAIBullish

Read the original on CoinNess

The story so far: Arbitrum USDG stablecoin push

Arbitrum joined the Paxos-led Global Dollar Network as USDG launched on the network, and the Arbitrum Foundation opened a Stablecoin Growth Programme to make USDG the main stablecoin on Arbitrum One. Entropy proposed adding USDG to the ArbitrumDAO core strategy with a 100m ARB boost. Orderly now says over 500 Arbitrum…

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  1. Arbitrum joins Paxos-led Global Dollar Network as USDG launches on the network

  2. Arbitrum opens USDG growth programme with 2m ARB reward pool

  3. Entropy proposes adding Paxos USDG to Arbitrum core strategy with 100m ARB boost

  4. Orderly says over 500 Arbitrum DEXs now accept USDG as collateral

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Every Stablecoins update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.