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Arbitrum joins Paxos-led stablecoin group Global Dollar to capture digital dollar growth

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.

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Arbitrum joins Paxos-led stablecoin group Global Dollar to capture digital dollar growth
Image: CoinDesk

Story summary

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.

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