[Approximately $3.8 Billion Stablecoins Held on the Arbitrum Network, USDG Launches in Its DeFi Ecosystem] Odaily Planet Daily reports that the Global Dollar (USDG), issued by stablecoin issuer Paxos, will be launched in the DeFi ecosystem of Ethereum Layer 2 network Arbitrum. It will cover platforms such as Morpho, GMX, Fluid, and Maple, with Kraken providing fiat on/off-ramp services. Arbitrum aims to capture a portion of the economic benefits generated by stablecoins on its network. The network currently holds approximately $3.8 billion in stablecoins, about 60% of which are USDC issued by stablecoin issuer Circle. The stablecoin alliances are growing. OpenUSD is supported by Mastercard, Visa, Stripe, Coinbase, and Shopify, while Qivalis is backed by 37 European banks. (CoinDesk)