[Research: USDG Reserve Revenue Could Reach 80% of Arbitrum's Past Year Revenue] A Blockworks Research report indicates that USDG provides Arbitrum with a new source of reserve revenue. In an optimistic scenario, Arbitrum's retained annual revenue is projected to reach $18.5 million, equivalent to 80% of its revenue over the past 12 months. In a baseline scenario, by October 2027, the USDG supply on Arbitrum is projected to reach $615 million, generating $21.5 million in annual reserve revenue. After sharing with access protocols, Arbitrum will retain $10.2 million, equivalent to 44% of its revenue over the past 12 months. These estimates rely on assumptions regarding incentives, adoption rates, and reserve yield rates. This research was commissioned by the Arbitrum Foundation, and Blockworks retains final editorial control.