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

NewsFeeds update

Entropy has opened a temperature-check vote on Arbitrum's governance forum to add Paxos-issued stablecoin USDG to the ArbitrumDAO core strategy programme. The plan would add 100m ARB from the DAO treasury to the DRIP incentives scheme, route Arbitrum Expansion Programme net fee revenue to the ATMC for conversion into USDG, and make USDG a special project under Entropy's remit; the off-chain vote ends 22 October.

StablecoinsPANewsAIBullish

Read the original on PANews

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…

Headlines only, oldest first. Open a headline for the full update and the outlet it came from.

  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 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.