Crypto Briefing • October 7th 2026, 5:42 PM
USDG market cap on Arbitrum One climbs to $31.2 million after $10.2 million daily jump
Key Summary
Paxos' Global Dollar stablecoin USDG experienced a significant growth in its market cap on Arbitrum One, reaching $31.2 million in just 24 hours. This represents a 49% increase, with the token now valued at $3.2 billion in total circulation. USDG is part of the Global Dollar Network and operates under strict regulatory oversight, with revenue sharing between Paxos and distribution partners.
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Market Growth on Arbitrum One
USDG's market cap on Arbitrum One increased by $10.2 million in a single day, reaching $31.2 million. This represents a 49% growth in just 24 hours. The token's total circulating supply now exceeds $3.2 billion, placing it as the seventh-largest stablecoin by market capitalization.Regulatory Oversight and Revenue Sharing
USDG operates under strict regulatory oversight, with each token backed 1:1 by US dollar reserves. Monthly attestations are published to confirm that backing. The Global Dollar Network revenue is shared between Paxos and distribution partners, giving them a direct reason to promote adoption.ArbitrumDAO Proposal
An ArbitrumDAO proposal seeks to allocate 100 million ARB tokens to incentivize USDG liquidity and adoption on the network. This arrangement positions the ecosystem to take a cut of GDN revenue tied to activity from its user base.#USDG#ArbitrumOne#Stablecoins#Crypto#GlobalDollarNetwork#US