USDG Supply on Arbitrum Grows 5x as ARB Price Targets Bullish Breakout
Photo: TronWeekly
Arbitrum is witnessing growing USDG adoption as stablecoin liquidity expands across major DeFi platforms. Meanwhile, the ARB price is consolidating within a tightening triangle following a prolonged downtrend. Traders are watching for a confirmed breakout or breakdown as ecosystem growth and market sentiment shape its outlook. Arbitrum is recording increased stablecoin activity as the supply of Paxos-issued Global Dollar (USDG) expands across its decentralized finance ecosystem. According to Eco, USDG supply on Arbitrum grew fivefold during the month, with balances in Morpho reaching $42.6 million and holdings in GMX climbing to $13.7 million from zero.
Source: TronWeekly
