Paxos’s stablecoin USDG has been live natively on Arbitrum for just over a day, and its market cap has already reached nearly $30 million.

Fluid, Morpho, GMX, and Kraken all integrated it on day one, with DRIP incentives rolling out too. The team even posted the figure on Twitter last night.

$ARB perpetuals are hovering around $0.187, up slightly on the day, with over $90 million in trading volume. What do you think about stablecoin liquidity flowing back into the ecosystem? Let’s chat in the comments.