Arbitrum launches USDG stablecoin growth plan, setting up a 2 million ARB reward pool

According to DeFiprime, the Arbitrum Foundation opened the Stablecoin Growth Program on October 15 for protocols with stablecoin balances of no less than 1 million USD, requiring selected teams to designate USDG as their primary stablecoin on Arbitrum One. The plan sets a reward pool of 2 million ARB, with the top 10 teams that achieve a 30-day average balance of 10 million USD in USDG each eligible to receive up to 200,000 ARB (with a cap of 200,000 USD). The reward pool is valid until December 31, 2027, and each participant can only claim once. Selection is at the discretion of the foundation, and KYC/AML must be completed; the final agreement may include exclusive terms for protocols and tokens deployed exclusively on Arbitrum. As of October 17, the circulation of USDG on Arbitrum is approximately 33.6 million USD.