USDG market cap on Arbitrum One climbs to $31.2 million after $10.2 million daily jump

Paxos’s Global Dollar stablecoin, USDG, just had a busy day on Arbitrum One. Its market cap on the network rose by $10.2 million over the past 24 hours to reach $31.2 million. That works out to roughly 49% growth in a single day. Paxos launched USDG natively on Arbitrum One on October 6, 2026. Rather than showing up to an empty room, the token arrived with integrations across several decentralized finance protocols from the start. The lineup covers the main DeFi use cases. Fluid handles trading, Morpho supports lending, GMX accepts deposits, and Maple offers yield products built around the token. Native issuance also matters here. A natively issued stablecoin is minted directly on the chain by the issuer, rather than wrapped and shipped over from another network through a bridge. The Arbitrum rollout is part of the Global Dollar Network, or GDN, the partner framework Paxos uses to expand USDG’s presence and utility across platforms. Small slice of a much bigger token For context, the $31.2 million on Arbitrum is a sliver of USDG’s overall footprint. Total circulating supply for the stablecoin now exceeds $3.2 billion, which places it as the seventh-largest stablecoin by market capi...