usdg

According to Onchain Lens monitoring, a certain address, after being inactive for 44 days, spent 160,000 USDG to buy 1.55 million CASHCAT.

According to The Defiant, Robinhood announced that its Earn feature is now available to all eligible users, allowing users to participate in on-chain USDG lending. The funds deposited by users will go into the Morpho vault curated by Steakhouse on the Robinhood Chain.The rewards earned will be used to supplement lending interest, and withdrawals will depend on the liquidity status of the vault. This feature is available to all eligible users, who can earn income through on-chain lending.

Tom Wan, the data director at Entropy Advisors, stated that the transaction fees for Robinhood Chain will be included in the third quarter financial report to be released tomorrow. He mentioned that the transaction fees for the first quarter of this chain amounted to 51.1 million USD, which is about half of Robinhood's second quarter cryptocurrency trading revenue, and he is paying attention to whether the company will describe this chain as infrastructure for other businesses or as an independent source of income.Tom Wan noted that the average daily transaction fees in October have dropped to about 52,000 USD, with the decline primarily due to pricing. The increase in fees in late August was attributed to gas congestion, with the average transaction fee rising from 0.002 USD to 0.298 USD, and weekly trading volume increasing by 7.5%. On September 1 and September 3, Robinhood raised the gas target from 18 million per second to 40 million, and gas prices have returned to the lower limit of 0.02 gwei.He also mentioned that by the end of the third quarter, USDG on Robinhood Chain was 693 million USD, compared to 101 million USD on July 1; estimating based on a roughly 3.5% share and an average scale of 427 million USD for the third quarter, the quarter's revenue was about 3.8 million USD, which annualizes to about 24 million USD based on the current scale of 674 million USD. There are 195,000 stock token holders, and last week the DEX trading volume was about 700 million USD. In the second quarter, the cryptocurrency trading volumes for Bitstamp and the Robinhood App were 22.1 billion USD and 18.3 billion USD, respectively, and he stated that there is currently no public data indicating how much of that is related to this chain.

The on-chain currency market Sixpence, aimed at tokenized U.S. stocks, will launch a points event on Robinhood Chain from October 26, 00:00 to November 23, 00:00 (UTC), with a total prize pool of 10,000 USDG, distributed in two phases of 5,000 USDG each.Sixpence allows users to borrow stablecoins using tokenized U.S. stocks such as AAPL, TSLA, NVDA as collateral, or to deposit stock tokens into the Vault to earn interest. The project has completed a $5 million seed round of financing, with investors including a16z CSX and others.

On October 20, researcher 100y from the cryptocurrency research institution Four Pillars published a response to external doubts: Robinhood Chain has not disappeared, its ecosystem remains resilient, and it is preparing for the next round of growth. The chain is set to launch on July 1, 2026, positioning itself as an on-chain financial network centered around tokenized stocks. The article states that Robinhood's cryptocurrency business revenue share dropped from 27.2% in the first quarter of 2025 to 12.6% in the first quarter of 2026.According to data from The Rollup, the chain's daily network fees on September 4 were approximately $8.27 million, compared to Robinhood's total cryptocurrency business revenue of about $100 million in the second quarter of 2026. After the market weakened and meme popularity cooled, fees fell by over 99% from their peak, with daily fees in mid-October around $30,000 to $40,000, less than 1% of the peak. 100y attributed the spike in fees to congestion in September: the chain uses the Arbitrum tech stack, and the base fee index rises when usage exceeds target processing capacity.As of the publication date, the on-chain Total Value Locked (TVL) is approximately $1.1 billion. The Steakhouse Financial curation and the Steakhouse USDG Vault supplying USDG to Morpho account for about half of this, with a scale of approximately $540 million and still rising, and around 75,000 deposit wallets. Stocks and ETFs account for more than half of the issued Real World Asset (RWA) tokens, with an associated outstanding value of about $150 million. The spot trading volumes on September 4 and October 7 were approximately $3.27 billion and $3.24 billion, respectively, and daily trading volumes have remained at least around $600 million to $700 million since then. Robinhood has strategically invested in the perpetual platform Lighter and Arcus. 100y stated that the next round of growth depends on the scale of the treasury and stock tokens, meme trading, perpetual activities after the points period, as well as more builders and new on-chain financial primitives.

According to the summary from the Arbitrum Foundation governance forum, the Arbitrum DAO currently has 4 temperature check votes ending on October 22, involving the Ethereum Glamsterdam upgrade adaptation, L1 governance recovery mechanism, treasury ETH transfer, and USDG strategic plan.Among them, the Entropy proposal suggests setting USDG as one of the core strategic plans of the Arbitrum DAO and additionally allocating 100 million ARB from the DAO treasury to the DRIP budget, while adjusting the project cycle and allowed uses. Furthermore, it is proposed to direct the net fees from AEP into ATMC and convert them into USDG to support the growth of USDG on Arbitrum.

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.

According to The Defiant, the OSL brand stablecoin USDGO has integrated with Jupiter Lend and Fluid on the Solana network to increase its trading liquidity support.USDGO is issued by Anchorage Digital Bank, with a current circulation of approximately $1.29 billion. Reports indicate that the lending market for USDGO is planned to be launched next.

According to CoinDesk, Arbitrum announced its participation in the stablecoin alliance Global Dollar Network led by Paxos, with its issued stablecoin USDG going live on Arbitrum on Tuesday.This integration covers trading, lending, and payment scenarios, with partners including Fluid, Morpho, GMX, Maple, Li.Fi, Gauntlet, Steakhouse, LayerZero, and Kraken, while Uniswap and Fhenix will be integrated later.USDG is issued by Paxos, supported by a 1:1 dollar reserve, with cross-network circulation exceeding $3 billion. The Global Dollar Network has over 150 partners, including Robinhood, Kraken, Mastercard, and OKX. Its model distributes the earnings generated from USDG reserves to partners that promote adoption, rather than being solely enjoyed by the issuer. Currently, there are about $3.8 billion in stablecoins on the Arbitrum network, with approximately 60% being Circle's USDC, and previously, Arbitrum was unable to directly share the reserve earnings of these tokens.Brendan Ma, the investment strategy director of the Arbitrum Foundation, stated that with USDG, Arbitrum and ecosystem builders can now share the benefits of growth.

According to Cointelegraph, the cryptocurrency exchange OKX has launched the stablecoin savings and payment application OKX Money in parts of Latin America, Africa, South Asia, and the Middle East. The application allows users to deposit into their accounts using over 50 supported currencies, with deposits converted into a dollar-backed stablecoin.Users can hold USDG, USDC, or USDT for transfers and spend using a virtual card or physical card. Eligible customers can earn up to 10% annual percentage yield (APY) on qualifying USDG balances without the need for staking or locking.An OKX spokesperson stated that the product is rolled out market by market to comply with local requirements, and the relevant legal entities and regulatory frameworks vary by jurisdiction. OKX did not disclose specific initial markets. Users can achieve higher tiers by meeting a 30-day average deposit threshold, spending over 30 days, or reaching a higher exchange VIP level. The spokesperson mentioned that rates and eligibility vary by region and customer, and declined to comment on the source of the yields.OKX joined Paxos' Global Dollar Network in July 2025, allowing its users to transact and transfer using USDG. According to Chainalysis data, cross-border flows of stablecoins grew by 77.5% to $22.03 billion in the 12 months ending June 2026, with trade, remittances, and savings being the main use cases. The U.S. GENIUS Act prohibits stablecoin issuers from paying interest or yields, while the EU MiCA prohibits issuers and crypto service providers from offering interest on single currency stablecoins.

Salus posted on platform X, claiming that the project Revenue Family, which claims to be X Money's withdrawal bridge, involves malicious authorization. The perpetrators submitted user permit signatures to obtain unlimited USDG authorization, and then called transferFrom within the same transaction to transfer funds, with the funds flowing into two hacker addresses in an 80/20 ratio.On October 1, the project claimed that its social media account was stolen by internal reviewers, suspended exchanges, and denied that REV is the official token.

According to Onchain Lens monitoring, a certain whale withdrew 2.25 million PONS from Binance and sold them for approximately 1.29 million USDG and ETH.PONS dropped 12% today. Data provided by @nansen_ai.

According to The Block, the total market capitalization of the dollar-pegged stablecoins on Robinhood Chain recently surpassed 1 billion dollars. Currently, USDG accounts for about 67% of the total size, making it the largest stablecoin on the chain; the market capitalization of USDe issued by Ethena is close to 30%.

The stablecoin USDG issued by Paxos has officially launched on the Ethereum Layer 2 network Mantle, which has also announced its partnership with the Global Dollar Network. This integration makes USDG one of the first natively minted stablecoins on Mantle, allowing Mantle to enter the USDG reward-sharing system and receive a share of the revenue generated from USDG activities.According to DefiLlama data, USDG currently has a market capitalization of approximately $3.18 billion, making it the seventh largest stablecoin by size. This stablecoin is issued by Paxos and is subject to regulatory frameworks in Singapore and the European Union, with Paxos publishing reserve reports monthly. As a partner, Mantle has joined the Global Dollar Network, which includes over 150 members, with other members including Kraken and Robinhood.Currently, there are multiple stablecoins on Mantle, including Agora's AUSD, Ethena's USDe, and Tether's USDT0. Mantle states that USDG will be used for DeFi applications and institutional capital allocation within its ecosystem. Additionally, Mantle has recently seen significant growth in the tokenization of real-world assets (RWA), with its distributed RWA value reaching $234.2 million as of this Wednesday, a 19% increase over the past 30 days.

According to monitoring by Lookonchain, Unipcs previously spent 67,304 USDG to buy 10.96 million PONS and has not sold any tokens yet. Based on the current price, the value of its holdings is approximately 2.55 million dollars, with an unrealized profit of about 2.48 million dollars, resulting in a return rate of 37 times.

ChianCatcher news, South Korean cryptocurrency exchange Bithumb announced the addition of MetaDAO (META2) and Global Dollar (USDG) to the Korean won market.META2 supports the Solana network, while USDG supports the Ethereum network. Deposits and withdrawals will open within 2 hours after the announcement, and trading is expected to begin on August 4, 2026, at 16:00. Initial trading will implement measures such as buy and sell order limits.

UPBIT will launch trading for Global Dollar (USDG) on July 30 at 02:00, supporting KRW, BTC, and USDT markets. Users can make deposits within 2 hours after the announcement is released. Please pay attention to subsequent announcements for specific trading support times.

Bitget Unified Account (UTA) launches a zero-interest lending program for USDGO holdings, with the event running from July 29 at 15:00 to August 29 at 15:00 (UTC+8). During the event, users holding USDGO can borrow USDT under the unified account and receive a zero-interest borrowing limit equivalent to 30% of the value of their USDGO holdings, with a maximum zero-interest limit of 10 million USDT per user. Related rights will automatically take effect during the event, and users do not need to manually claim or register. For more details, please refer to the official Bitget platform.

On-chain credit protocol Maple Finance announced the launch of a new product syrupUSDG, which has gone live on the Robinhood Chain. The risk management agency Steakhouse Financial has approved syrupUSDG as collateral for the Robinhood Earn vault.This collaboration is supported by Morpho providing vault infrastructure, Paxos responsible for the compliant issuance of USDG, and Robinhood handling the distribution channel to millions of users. syrupUSDG is currently available on Ethereum and the Robinhood Chain, with plans to support more chains in the future.

According to official news, an additional $50 million USDG lending limit is now available on the Ethena market.The leveraged USDe Multiply positions on Kamino are currently generating over 25% APY, and there is additional liquidity available to support further cyclical demand on Solana.