Follow UsArbitrum joins Paxos-led stablecoin group Global Dollar to capture digital dollar growth
Bullish-36.44%
6 Oct, 13:02
Source: CoinDesk
AI Summary
Arbitrum partners with Paxos-backed Global Dollar to back the USDG stablecoin, securing reserve income and expanding its ecosystem reach.
The Ethereum layer-2 is backing Paxos-issued USDG to earn a share of reserve income as new stablecoin alliances compete for distribution, users and reserve economics.