USDG is live, but the additional 100M ARB hasn't been approved yet. Two separate matters, don't mix them up. Season 2 of DRIP has launched USDG incentives on GMX and Morpho; the remaining budget has been expanded to approximately 165M ARB, still pending DAO vote. What Arbitrum is competing for isn't just stablecoin supply, but also the USD revenue brought to the DAO through usage. Incentives can pave the way, but real usage is the true test. Arbitrum Stablecoins