The USDG issued by Paxos will be launched on the Arbitrarum ecosystem

The Global Dollar (USDG) issued by Paxos will be launched on Arbitrum's DeFi ecosystem, covering Morpho, GMX, Fluid, and Maple, with Kraken providing fiat deposit and withdrawal services. The Arbitrarum network currently holds approximately $3.8 billion in stablecoins, of which about 60% are USDC issued by Circle. (Source: CoinDesk)