USDG Stablecoin Supply Jumps 10x as Arbitrum Courts Builders

GMX's USDG supply grew from around $1.5 million to nearly $17 million in less than a month. The stablecoin is integrated into GM pools and the GMX Dollar Vault across BTC, ETH and SOL markets. Arbitrum offers 200,000 ARB to each of the first 10 qualifying teams reaching an average $10 million USDG TVL. GMX’s USDG expansion is giving Arbitrum another reason to court stablecoin builders. The USDG stablecoin supply reportedly climbed from around $1.5 million in early October to nearly $17 million in less than a month.

Source: Coinpedia