Ethereum Layer 2 network Arbitrum has joined the Global Dollar Network stablecoin consortium led by Paxos, aiming to capture an economic share from stablecoins circulating on its network. The USDG stablecoin launched on Arbitrum on Tuesday and has been integrated into various trading, lending, and payment platforms such as Fluid, Morpho, and GMX. This consortium model distributes revenue generated from USDG reserves to partners who help drive adoption. Brendan Ma, Head of Investment Strategy at the Arbitrum Foundation, stated that this move provides new growth opportunities for Arbitrum and developers on its platform. A governance proposal has been submitted to ArbitrumDAO, recommending that USDG growth be made a strategic priority and that 100 million ARB be added to its DRIP incentive program.