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OKX Pay now supports USDG and has launched an exclusive interest rate promotion

2025.11.04 14:48:20

November 4th. According to official channels, OKX Pay now offers support for USDG on the X Layer network and has launched a special interest rate promotion. Users who update their OKX App to V6.143.0 or a higher version can earn rewards by making purchases, exchanges, or deposits of USDG. The rules of the promotion state that users will receive a 10% annualized yield on the first 10,000 USDG held, and any amount exceeding this threshold will earn a 5% annualized yield. Interest is calculated on a daily basis and distributed weekly, providing users with a convenient and stable asset appreciation service. USDG (Global Dollar) is issued by Paxos Digital Singapore Pte. Ltd. (PDS) and is a single-currency stablecoin (SCS) pegged to the US dollar, in line with the stablecoin regulatory framework that is about to be implemented by the Monetary Authority of Singapore (MAS). Each USDG is backed by reserve assets such as US Treasury bonds and is audited monthly by the independent auditing firm Enrome LLP to ensure the stability of its peg to the US dollar.
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U.S. Major Bank Consortium to Launch Tokenized Deposit Network

On June 5, a group of major U.S. banks plan to jointly launch a tokenized deposit network, according to The Wall Street Journal. The publication reported that The Clearing House—an initiative backed by JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and other top lenders—aims to debut this network next year, which will bridge traditional payment rails with blockchain infrastructure. The project is viewed as a significant move by the U.S. banking sector to counter competition from stablecoins and cryptocurrencies in the payments space.

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