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

PANews October 17 news, according to DeFiprime, the Arbitrum Foundation opened the 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 has a 2 million ARB reward pool; the first 10 teams to achieve a 30-day average USDG balance of $10 million can 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. Selection is at the Foundation's sole discretion and requires completion of KYC/AML; final agreements may include exclusivity clauses requiring exclusive deployment of the protocol and token on Arbitrum. As of October 17, USDG circulating supply on Arbitrum is approximately $33.6 million.