Arbitrum: USDG scale on GMX grows to nearly $17 million

USDG supply on GMX, the decentralized perpetual exchange built on Arbitrum, has grown from roughly $1.5 million in early October to nearly $17 million, an approximately tenfold increase in under a month, according to Arbitrum. The expansion follows USDG's integration into GM liquidity pools and the GMX Dollar Vault, covering trading across BTC, ETH and SOL markets, with data attributed to Entropy Advisors. The scale-up matters as a signal of rising stablecoin liquidity and vault participation on Arbitrum's largest perp venue. Next, watch whether USDG inflows keep pace across the BTC, ETH and SOL pools and whether the vault sustains its share of GMX activity.