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.
Key Takeaways
- 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.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CoinDesk. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
Fortitude expands Zcash mining push with up to $100 million equipment commitment
Fortitude secures priority access to BITMAIN’s next-generation Zcash miners as it expands capacity and increases financing from DCG.
Paxos’ $3B USDG stablecoin launches on Arbitrum
Paxos’ USDG stablecoin is now live on Arbitrum as the network proposes 100 million ARB in incentives to support adoption and liquidity.