Go back Blog Home

Introducing the Arbitrum Stablecoin Growth Program

Introducing the Arbitrum Stablecoin Growth Program
Arbitrum

Arbitrum

— 2 min read
Share this article:

The Arbitrum Stablecoin Growth Program is now open to protocols with at least $1M in stablecoin balances. Eligible protocols that commit to building with USDG as their primary stablecoin may be eligible for performance based incentives from the Arbitrum Foundation as they grow. The first 10 teams in the program to reach $10M of USDG TVL will each receive an additional 200K ARB from a 2M ARB prize pool.

Global Dollar (USDG) is issued by Paxos Digital Singapore Pte. Ltd., a Major Payments Institution supervised by the Monetary Authority of Singapore, and by Paxos Issuance Europe Oy under the supervision of the FIN-FSA and in compliance with MiCA. Learn more at globaldollar.com and the https://arbitrum.io/products/usdg-vaults

Builders drive the demand for onchain dollars. The Arbitrum Stablecoin Growth Program is designed to support the teams that bring that demand to Arbitrum. Protocols that make USDG their preferred stablecoin, collateral or on-ramp asset on the Arbitrum Platform can access incentives and ecosystem support to help them grow, without the cost and complexity of issuing their own stablecoin.

The Arbitrum Platform is home to an established DeFi and blockchain ecosystem, with deep liquidity, active markets and teams building across a large variety of categories. The Arbitrum Stablecoin Growth Program gives protocols an opportunity to tap into this ecosystem while growing their own products. Whether you're expanding an existing protocol or bringing a new deployment to Arbitrum, the program is designed to help teams attract liquidity, increase usage and build for the long term.

Launching and maintaining a stablecoin introduces additional operational, technical and business considerations. By integrating USDG as a primary stablecoin, protocols can focus on their core product while participating in a program designed to support stablecoin adoption across Arbitrum, with the opportunity to earn more as their stablecoin activity on Arbitrum grows. Teams can build stablecoin utility directly into their existing products, from lending markets and liquidity pools to payments and other financial applications, while working toward their own growth objectives.

What teams get

Accepted teams may be eligible for performance based incentives linked to their growth on the Arbitrum Platform, and they can put them straight back into their own growth.

Teams may also receive access to Arbitrum's support suite, which may include marketing resources and co-marketing, introductions to ecosystem partners, integration and technical support, direct access to the ecosystem team, and potential access to incentives through the DeFi Renaissance Incentive Program (DRIP), as well as other perks.

The program also includes a 2M ARB prize pool. The first 10 teams to reach $10M of USDG TVL, measured as a 30-day average, will each receive 200K ARB, in addition to the incentives and support above.

Eligible teams

The program is for stablecoin-centric protocols, such as lending, yield, AMMs or payments, that want to make Arbitrum their home. Eligible teams meet the following.

  • At least $1m in stablecoin balances at the time of application, verified on DefiLlama
  • Stablecoins at the core of the product, with a live product and audited contracts
  • A commitment to building on Arbitrum, with new deployments and token launches happening here 
  • USDG as the primary stablecoin on Arbitrum, with at least $1m of TVL moving into USDG

How to apply

Apply through the application form. The Arbitrum team reviews every application and gets in touch with teams that are a fit. Participation is subject to eligibility, approval by the Arbitrum Foundation and the Program Terms & Conditions.

Read more