Arbitrum just picked its dollar 💵⚡
On Oct 6, Paxos launched USDG (Global Dollar) with native issuance on Arbitrum One, not bridged over from another chain.
What came with it on day one:
• Fluid, Morpho, GMX and Maple integrations
• Kraken exchange support
• ~7M $ARB in incentives
• A GMX boost targeting 8%+ APR on some USDG pools for 8 weeks
Paxos says USDG is backed 1:1 by USD cash and equivalents, with monthly attestations.
Will USDG actually steal liquidity from USDC on Arbitrum, or is this just farm-and-dump season? 👇
#Arbitrum #Stablecoins #DeFi #CryptoNews
On Oct 6, Paxos launched USDG (Global Dollar) with native issuance on Arbitrum One, not bridged over from another chain.
What came with it on day one:
• Fluid, Morpho, GMX and Maple integrations
• Kraken exchange support
• ~7M $ARB in incentives
• A GMX boost targeting 8%+ APR on some USDG pools for 8 weeks
Paxos says USDG is backed 1:1 by USD cash and equivalents, with monthly attestations.
Will USDG actually steal liquidity from USDC on Arbitrum, or is this just farm-and-dump season? 👇
#Arbitrum #Stablecoins #DeFi #CryptoNews