CoinMeta data: According to Coindesk, the Arbitrum network currently holds approximately $3.8 billion in stablecoins, of which about 60% are USDC issued by the stablecoin issuer Circle. The Global Dollar ( USDG ) issued by the stablecoin issuer Paxos will be launched in the DEFI ecosystem of the Ethereum layer-2 network Arbitrum, covering Morpho, GMX, Fluid, and Maple; Kraken will also be included. Arbitrum aims to obtain a portion of the economic benefits generated by its network's stablecoins. The number of stablecoin alliances is increasing; OpenUSD has gained support from Mastercard, Visa, Stripe, Coinbase, and Shopify, while Qivalis has received support from 37 European banks.