The Snapshot vote to make USDG a core strategic initiative closed at 20:05 UTC and passed. 199.5M ARB voted For (94.71%), 10.9M abstained and only 246.2K voted Against, across 1,035 votes. The plan adds 100M $ARB to the DRIP incentive budget and lets AEP fees convert into USDG. A 1,700 ETH treasury transfer passed too.

Can a DAO-backed stablecoin push actually move TVL? 🤔

#ARBİTRUM #USDG #defi
Source: Arbitrum DAO Snapshot vote