According to CoinMeta, Arbitrum announced the launch of the “Arbitrum Stablecoin Growth Program,” which is open for applications from lending, yield, AMM, and payment-related protocols that hold at least $1 million in stablecoin balances. Selected protocols commit to using Paxos’s compliant stablecoin Global Dollar ( USDG ) as their primary stablecoin on Arbitrum and to transfer at least $1 million in TVL. In return, they will receive performance-based ecosystem incentives from the Arbitrum Foundation, as well as support through technical integration and DRIP programs. Additionally, the program has set up a dedicated prize pool of 2 million ARB. The top 10 teams that achieve an average TVL of $10 million over a 30-day period will each receive an additional reward of 200,000 ARB.