USDG expansion to Arbitrum and stablecoin liquidity monitoring

Paxos reportedly brought approximately $3B of USDG to Arbitrum, alongside proposed ARB incentives, DeFi integrations, Kraken support, and Stargate bridging. The expansion could improve collateral and cross-venue settlement, but governance approval, realized supply migration, depth, spreads, borrowing rates, redemption mechanics, and depeg behavior remain unverified.