OKX has launched OKX Money, a stablecoin savings and payments app, across parts of Latin America, Africa, South Asia and the Middle East. The platform lets users hold, send and spend dollar-backed stablecoins including USDG, USDC and USDT, with qualifying USDG balances earning up to 10% APY without staking or lockup requirements. Cross-border stablecoin flows rose 77.5% to $220.3 billion in the 12 months ending June 2026, according to Chainalysis. OKX joined Paxos’s Global Dollar Network in July 2025 and declined to explain how the yield is funded. USDG, USDC and USDT are fully backed by asset reserves.
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