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

Arbitrum, an Ethereum layer-2 solution, has joined the Global Dollar consortium led by Paxos to issue the USDG stablecoin. This move aims to capture growth in digital dollar adoption through shared reserve income. The alliance competes with other stablecoin groups for distribution and user base while optimizing reserve economics.

Sources

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

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