Arbitrum has unveiled a USDG stablecoin growth plan that establishes a 2 million ARB reward pool. Here is what the initiative aims to support.
The Stablecoin Growth Program encourages teams to make USDG their main stablecoin on Arbitrum, where the token has liquidity on Uniswap.
DeFi TVL declined 1.18% from a week earlier to $90.05 billion. Arbitrum led gains among major chains, while Basis Trading posted the strongest category growth.
ARB gained 4.11% over 24 hours. Short liquidations totaled $80,000 and long liquidations totaled $0 in a one-hour tally.
The token was up 0.94% over 24 hours. Same-hour liquidations across Binance, Bybit and OKX totaled $10,000 on the short side and $0 on the long side.
Arbitrum Foundation announced the launch of the Arbitrum Stablecoin Growth Program, an initiative designed to incentivize DeFi protocols to adopt USDG as their primary stablecoin on the network. The program targets projects holding at least $1 million in stablecoin balances, with live products and audited smart contracts.
An earlier market snapshot listed ARB at $0.1766, down 6.88%, but the readings cover different markets and times.
ARB gained 2.32% over 24 hours in an Oct. 14 snapshot. A conditional scenario placed the zone at $0.183–$0.186, within the token's reported 24-hour range.
The milestone points to continued activity on Ethereum's layer-2 network as Arbitrum uses priority fees to support faster transaction processing.
PGA and Fast Feed generated more than $200,000 in fees during their first two weeks, while perpetual trading volume reached $1.2 billion over 24 hours.
ARB gained 0.15% over 24 hours, while Binance futures open interest fell to about $50.19 million and the token faced resistance near $0.20.
ARB rose 5.28% Sunday after recovering from its Oct. 8 low, while declining volume and a daily Chaikin Money Flow reading below -0.05 tempered the bullish setup.