The launch follows Arbitrum's decision to designate the Paxos-issued USDG as its ecosystem dollar and join the Global Dollar Network alongside partners like Robinhood and OKX. By using USDG, Arbitrum can capture up to 100% of the returns on reserves backing the asset—revenue that previously went to stablecoin issuers—to fund its own integrations and growth. A pending proposal before the ArbitrumDAO seeks to allocate 100M ARB to support these incentives, while the network continues to manage $3.79B in stablecoin holdings.
Wednesday, October 21, 2026
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Arbitrum Launches DRIP Season 2 to Incentivize USDG Growth
Crypto15 days ago
Participants in the Arbitrum ecosystem can now generate yield through deposits in a curated la pool on Morpho and a dollar vault on GMX as part of a new network expansion initiative. The second season of the DeFi Renaissance Incentive Program (DRIP) focuses on growing the adoption of the USDG stablecoin, offering USDG rewards for GMX's Dollar Vault and ARB tokens for the Gauntlet-curated USDG Premium V2 vault on Morpho. GMX also provides an 8%+ launch boost for depositors during the first 8 weeks of the program.
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