Network Update

Arbitrum Joins Global Dollar Network, Adding USDG as the Default Dollar for Its DeFi Ecosystem

Arbitrum has joined Global Dollar Network as a Network partner, and Global Dollar (USDG) is now natively issued on Arbitrum One.

USDG is set to become the default dollar across Arbitrum's DeFi ecosystem, from liquidity and lending markets to derivatives collateral and institutional settlement.

Arbitrum Powers the Programmable Economy

Arbitrum One has processed nearly 3 billion transactions across almost 90 million addresses, with more than 193,000 verified contracts deployed.

That activity is concentrated in the exact markets where a regulated dollar matters most, bringing trusted settlement to onchain assets. Aave, GMX, and Pendle all run mature deployments there, spanning lending, perpetuals and fixed-rate yield.

Arbitrum's technology reaches well past Arbitrum One. When Robinhood launched its own chain July 2026, it chose to build on Arbitrum's stack. One of the largest consumer fintechs in the US is running its onchain infrastructure on Arbitrum technology, also leveraging USDG as a regulated natively-issued stablecoin.

One Dollar Across Your Financial Stack

Businesses building on Arbitrum can integrate USDG in a number of ways:

  • Earn: Access USDG earning opportunities across the Arbitrum ecosystem, through eligible vaults or embedded directly in your own product.

  • Trading and collateral: Use USDG as margin for perpetual markets and market-making subaccounts or as a collateral and borrowing asset across money markets.

  • Markets and settlement: Use USDG as a quote and settlement currency across spot and perpetual markets, DEX pools, and supported RWA issuance, minting and redemption flows.

  • Treasury and payments: Hold reserve balances, collect protocol fees, distribute grants, manage payroll and support merchant settlement and cross-border transfers in USDG.

The Economics

Most stablecoin economics never make it past the issuer, while Global Dollar Network was built to share them with the businesses that grow stablecoin adoption.

As a Network partner, Arbitrum now participates in those economics directly. Eligible businesses building on Arbitrum can partner with the foundation and receive rewards based on the USDG activity they contribute.

A Regulated Digital Dollar

USDG is issued by Paxos Digital Singapore, a Major Payments Institution supervised by the Monetary Authority of Singapore, and by Paxos Issuance Europe under FIN-FSA supervision in compliance with MiCA.

It is fully redeemable from Paxos one-to-one for US dollars, with reserves held in cash and cash equivalents in segregated accounts and monthly reserve reports published for every Paxos-issued stablecoin.

Oversight in two major jurisdictions is rare among stablecoins at this scale. 

Global Dollar Network Now 150+ Partners Strong

Alongside Arbitrum One, USDG is also live on Ethereum, Ink, Mantle, Robinhood Chain, Solana and X Layer. With more than 150 partners and over $3 billion of USDG in circulation, Arbitrum joins a network built to share its growth with those building on it.

To learn more about building with USDG on Arbitrum, visit globaldollar.com.

About Global Dollar Network

Global Dollar Network is an open network designed to accelerate and reward global stablecoin adoption. It is powered by Global Dollar (USDG), a stablecoin issued by Paxos Digital Singapore Pte. Ltd. and Paxos Issuance Europe Oy.

About USDG in the EU

Paxos issues USDG in the EU through Paxos Issuance Europe Oy ("PIE"). USDG is fully redeemable from Paxos on a one-to-one basis for U.S. dollars. Further information is available at paxos.com/eu.

About Arbitrum 

Arbitrum is the finance-native blockchain platform providing infrastructure for applications, tokenization and dedicated blockchain environments. Arbitrum hosts one of the largest financial ecosystems on Ethereum, with deep liquidity and predictable execution at scale. It powers the programmable economy, where markets, transactions and business processes run automatically in software. For businesses launching dedicated environments, Arbitrum provides configurable execution, fee models, compliance and governance, so organisations can define how their systems operate while remaining connected to shared liquidity and a global settlement layer.

Global Dollar (USDG) is issued by Paxos *

*Global Dollar (USDG) is issued by Paxos Digital Singapore, which is a Major Payments Institution supervised by the Monetary Authority of Singapore. USDG is also issued by Paxos Issuance Europe under the supervision of FIN FSA and in compliance with MiCA.


Any mention of third-party companies, products, services, or websites is for informational purposes only and does not constitute an endorsement, recommendation, or validation by Paxos Digital Singapore Pte. Ltd. or its affiliates ("Paxos”). The content on this website is provided “as-is” and should not be considered legal, tax, investment, financial, or other professional advice. Users assume all risk in relying on this information, and Paxos disclaims all liability for any loss or damage resulting from such reliance. Paxos makes no representations or warranties regarding the accuracy, completeness, or reliability of the content and reserves the right to update or modify it at any time.

Published 2024. Paxos Digital Singapore Pte. Ltd. All rights reserved.

Global Dollar (USDG) is issued by Paxos *

*Global Dollar (USDG) is issued by Paxos Digital Singapore, which is a Major Payments Institution supervised by the Monetary Authority of Singapore. USDG is also issued by Paxos Issuance Europe under the supervision of FIN FSA and in compliance with MiCA.


Any mention of third-party companies, products, services, or websites is for informational purposes only and does not constitute an endorsement, recommendation, or validation by Paxos Digital Singapore Pte. Ltd. or its affiliates ("Paxos”). The content on this website is provided “as-is” and should not be considered legal, tax, investment, financial, or other professional advice. Users assume all risk in relying on this information, and Paxos disclaims all liability for any loss or damage resulting from such reliance. Paxos makes no representations or warranties regarding the accuracy, completeness, or reliability of the content and reserves the right to update or modify it at any time.

Published 2024. Paxos Digital Singapore Pte. Ltd. All rights reserved.

Global Dollar (USDG) is issued by Paxos *

*Global Dollar (USDG) is issued by Paxos Digital Singapore, which is a Major Payments Institution supervised by the Monetary Authority of Singapore. USDG is also issued by Paxos Issuance Europe under the supervision of FIN FSA and in compliance with MiCA.


Any mention of third-party companies, products, services, or websites is for informational purposes only and does not constitute an endorsement, recommendation, or validation by Paxos Digital Singapore Pte. Ltd. or its affiliates ("Paxos”). The content on this website is provided “as-is” and should not be considered legal, tax, investment, financial, or other professional advice. Users assume all risk in relying on this information, and Paxos disclaims all liability for any loss or damage resulting from such reliance. Paxos makes no representations or warranties regarding the accuracy, completeness, or reliability of the content and reserves the right to update or modify it at any time.

Published 2024. Paxos Digital Singapore Pte. Ltd. All rights reserved.