Arbitrum joins Paxos-led Global Dollar stablecoin group

October 6, 2026

The Ethereum layer-2 Arbitrum has joined the Paxos-led Global Dollar stablecoin group, backing Paxos-issued USDG to earn a share of reserve income. The move is the latest in a wave of alliances forming around digital dollar tokens as issuers and networks compete for distribution, users and reserve economics.

Sources

Arbitrum joins Paxos-led stablecoin group Global Dollar to capture digital dollar growthcoindesk.com ↗

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Arbitrum joins Paxos-led Global Dollar stablecoin group — Outposts