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      OKX Launches Stablecoin Savings and Payment Application in Multiple Regions

      Cryptocurrency exchange OKX has introduced a new stablecoin savings and payment application named OKX Money, which is now available in select regions including parts of Latin America, Africa, South Asia, and the Middle East. The application enables users to deposit funds using over 50 different currencies, which are then converted into a dollar-backed stablecoin. Users can hold various stablecoins such as USDG, USDC, or USDT for transactions and can utilize a virtual or physical card for spending.

      Eligible users of OKX Money can earn an annual percentage yield (APY) of up to 10% on qualifying USDG balances without the need for staking or locking their funds. The rollout of the product is being conducted market by market to ensure compliance with local regulations, which vary by jurisdiction. Specific initial markets for the launch have not been disclosed by OKX.

      To achieve higher yield tiers, users must meet certain criteria, including maintaining a 30-day average deposit threshold or spending over 30 days. The rates and eligibility for the yields differ by region and customer, and OKX has not provided details on the source of these yields. The launch follows OKX's partnership with Paxos' Global Dollar Network, established in July 2025, which allows users to transact using USDG. Recent data indicates that cross-border flows of stablecoins surged by 77.5% to $22.03 billion in the year ending June 2026, driven by trade, remittances, and savings activities.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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