San Francisco – 23 September 2025 9PM HKT\2PM BST – OKX, a leading cryptocurrency platform and onchain technology company, today announced support for USDG on its platform, offering 4.1% APY, paid weekly, with no lockups or staking hoops required. As stablecoin yields become a key battleground across crypto markets, USDG provides a rewards-ready dollar that grows passively, even when markets aren’t trending.
In crypto, narratives shift fast, but the pain points linger: volatility can erase confidence overnight, idle capital loses value to inflation, and trading friction leaves users with too much effort for too little gain. Against this backdrop, stablecoins have become strategic infrastructure, offering a safe harbor without leaving crypto.
USDG: A Dollar That Pays You Back
OKX joined the Global Dollar Network in July 2025, to support USDG for its 80M users worldwide, including onshore and offshore accounts in the United States. Minted by Paxos, fully backed 1:1 by U.S. dollars, and approved under MAS and MiCA frameworks, USDG is designed for moments when markets are quiet, savings are idle, or traders want growth without added risk.
With 4.1% APY paid weekly and no staking requirements, USDG provides steady, transparent growth.
The launch comes as competition intensifies among fiat-backed stablecoins like USDC and USDG, crypto-backed options such as DAI, and the more fragile algorithmic designs that have struggled to maintain their pegs. In a market built on volatility, trust, not volume or hype, will determine the long-term winners.
Stablecoins are more than digital dollars: they are crypto’s connective tissue. They preserve value when markets swing, move funds quickly across borders, power DeFi strategies, and bridge on-chain and off-chain finance. In 2025, with inflation eroding balances and traditional banks stalling, USDG on OKX offers confidence, clarity, and control over returns—without leaving the crypto ecosystem.
About Global Dollar Network
Global Dollar Network is the world’s fastest growing stablecoin network with unmatched economic upside. Powered by Global Dollar (USDG), a US dollar-backed stablecoin issued by Paxos Digital Singapore and Paxos Issuance Europe, Global Dollar Network offers a transparent and equitable economic model that rewards partners for their contributions. Global Dollar Network partners include industry leaders such as Anchorage Digital, Bullish, Kraken, OKX, Paxos, Robinhood, Worldpay and more.
About OKX
Trusted by more than 80 million customers around the globe, OKX is a technology company building a decentralized future that makes the world more tradable, transparent and connected.
We’re known for being one of the fastest and most reliable crypto apps in the world, and have processed trillions of dollars in transactions. We have key regional offices, including headquarters in San José, California, for the Americas and in Dubai for the Middle East. We also have offices in New York, Hong Kong, Singapore, the Republic of Türkiye, Australia and Europe. Over the past several years, we’ve built one of the world’s most comprehensive, regulatory-compliant, licensed crypto companies.
We hold licenses in the United States, the UAE, EEA, Singapore and Australia, as well as in other markets. We’re steadfastly committed to transparency and security and publish Proof of Reserves reports on a monthly basis.
To learn more about OKX, download our app or visit: okx.com