Arbitrum launches USDG stablecoin growth initiative with a 2 million ARB reward pool.

BlockBeats news, October 17 - The Arbitrum Foundation opened its Stablecoin Growth Program on October 15 to protocols with stablecoin balances of no less than $1 million, requiring selected teams to make USDG their primary stablecoin on Arbitrum One.

The program features a 2 million ARB reward pool. The first 10 teams to achieve a 30-day average USDG balance of $10 million will each receive up to 200,000 ARB (capped at $200,000). The reward pool is valid until December 31, 2027, and each participant may claim only once.