Arbitrum integrates Paxos USDG stablecoin as whale activity shifts
Arbitrum (ARB)
Editor:
Eugene Serbin
lookonchain.com reports that Arbitrum has joined the Paxos-led Global Dollar Network, making USDG live on its network. The stablecoin is now integrated with DeFi protocols including Morpho, GMX, Fluid, and Maple. Kraken will provide fiat-crypto on/offramps, while Uniswap plans subsequent integrations.
Unlike traditional models, GDN allocates a portion of reserve asset returns to partners driving USDG adoption. This structure allows Arbitrum and its ecosystem projects to share economic benefits from the stablecoin’s growth. ArbitrumDAO has received a governance proposal to prioritize USDG growth as a strategic focus.
The proposal recommends adding 100 million ARB to the DRIP incentive program. It also suggests utilizing treasury assets to support USDG liquidity. The proposal has not yet been approved by the community.
How the market reacted
Whalio's own Binance spot order flow for ARB, measured when this story was written up on 6 October 2026. Not the outlet's figures.
ARB is trading at $0.2079 with a 24-hour buy ratio of 49.7%, indicating a near-even split between buyers and sellers. The 1-hour buy ratio has dropped to 34.9%, suggesting that short-term buying pressure is fading compared to the longer-term average. Volume Delta is negative across all timeframes, with -$129,905 in the last hour and -$92,259 over 24 hours, indicating net selling pressure. Despite this, the Cumulative Volume Delta (CVD) for the 24-hour close is positive at +$921,935, showing that larger or earlier trades were net buyers. Spot volume for the day reached $18,164,143 across 70,874 trades. Only 14 of the last 24 hours saw net buying, highlighting a mixed but slightly bearish intraday flow.
The latest daily buy ratio of 49.6% sits at the 49th percentile of the last 322 days, against a median of 49.6% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for ARB, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.6%, making today’s 24-hour ratio of 49.7% nearly identical to the weekly norm. The daily volume was 1.00x the average, indicating no unusual surge in trading activity. The coin saw a price change of +2.9% over eight days, with a total Volume Delta of -$1,547,706 for the period. Only 2 of the last 7 days experienced net buying, suggesting that buying pressure has been intermittent rather than consistent. This current day is ordinary in terms of volume and buy ratio, but the recent weekly trend shows a slight dominance of selling pressure.