OKX launches stablecoin app with yields of up to 10%
OKX launched a stablecoin savings and payments app in parts of Latin America, Africa, South Asia and the Middle East, offering up to 10% APY on eligible USDG balances.
OKX has launched OKX Money, a stablecoin savings and payments app available in parts of Latin America, Africa, South Asia and the Middle East. Eligible customers can earn annual percentage yields of up to 10% on USDG balances without staking funds or locking them for a set period.
Users can fund their accounts with more than 50 currencies. The deposits are converted into dollar-backed stablecoins. Customers can hold USDG, USDC or USDT, transfer funds and use virtual or physical payment cards.
The rollout is taking place on a market-by-market basis. Availability depends on local requirements, the OKX legal entity operating in a jurisdiction and its regulatory framework. OKX has not disclosed the initial countries where the app is available.
Customers can qualify for a higher yield tier by meeting a 30-day average deposit threshold, reaching a specified 30-day spending amount or holding a higher OKX Exchange VIP status. Rates and eligibility vary by region and customer.
OKX has not disclosed how it funds the yield and declined to provide the source of the 10% return. The company has not stated whether the program is funded through reserve income, exchange revenue or another mechanism.
OKX joined Paxos’ Global Dollar Network in July 2025, giving its users access to USDG for trading and transfers. Paxos says USDG reserves include U.S. Treasury bills, money market funds and cash. Reserve earnings are distributed to network partners.
Stablecoins are being used for payments, remittances and savings outside crypto trading. Cross-border stablecoin flows rose 77.5% to $220.3 billion in the 12 months through June 2026, according to Chainalysis.
Earlier stablecoin yield products included Anchor Protocol, which offered returns of up to 20% on TerraUSD. TerraUSD lost its dollar peg in May 2022, followed by the collapse of the linked LUNA token.
The U.S. GENIUS Act bars payment stablecoin issuers from paying interest or yield. Banking groups have called for limits on rewards funded by crypto exchanges. In the European Union, the Markets in Crypto-Assets Regulation prohibits issuers and crypto-asset service providers from granting interest on single-currency stablecoins.
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