THE DEFIANT EXCLUSIVE: @arbitrum is making @Paxos' USDG its ecosystem dollar. The stablecoin goes live natively on Arbitrum One today and Arbitrum joins @global_dollar's network. Arbitrum holds $3.79B of stablecoins, and until now the reserve income on all of it went to the issuer. Global Dollar Network partners earn up to 100% of the returns on reserves backing USDG held on their platform. That income now accrues to the Arbitrum ecosystem and gets spent growing USDG and paying the teams that integrate it. Day one: @0xfluid hosts USDG's DEX liquidity on Arbitrum @MorphoLabs runs USDG lending vaults, curated by Steakhouse and Gauntlet @GMX_IO is building a dedicated USDG liquidity line, with USDG the only stablecoin in its GLV(USDG) vault @maplefinance brings syrupUSDG, its institutional credit yield wrapper @krakenfx handles on and off ramps Stargate, on LayerZero, moves USDG between Arbitrum and other chains @Uniswap and Fhenix follow A proposal published today asks ArbitrumDAO to name USDG growth a strategic objective and add 100M ARB to the DRIP incentive program behind it. It hasn't been voted on yet. Read more here: https://thedefiant.io/news/defi/arbitrum-adopts-paxos-usdg-as-its-ecosystem-dollar