Crypto exchange OKX has introduced a 4.1% annual percentage yield (APY) on USDG, a fully backed US-dollar stablecoin issued by Paxos.
Under this yield scheme, payments will be made weekly, and users don’t need to stake tokens or commit to any lockup period.
USDG is part of the Global Dollar Network, a consortium that aims to promote a regulated, globally usable stablecoin.
The coin is issued by Paxos Digital Singapore and Paxos Issuance Europe, both operating under robust regulatory frameworks. In Europe, USDG has been made compliant with the Markets in Crypto-Assets (MiCA) regulation. Users on OKX can convert USDG 1:1 to USD at no cost.
OKX joined the Global Dollar Network earlier in July 2025. It now makes USDG available to its global user base of some 60 million customers across 180 countries.
Why This Move Matters? Yield on stablecoins is now a major point of competition among crypto platforms. Stakeholders from retail to institutional investors are looking for yield without risk. Stablecoins reduce exposure to crypto volatility while offering returns.
USDG’s regulatory compliance gives it an edge. With MiCA, Singapore licensing, and clear 1:1 backing, it addresses concerns about reserve transparency and regulatory risk.
Stablecoins such as USDC, USDT, DAI, and USDG are increasingly seen as infrastructure, not just trading tools. They facilitate borderless payments, yield-bearing savings, and access to DeFi.
Regulators worldwide are getting more involved. Requirements like reserve attestations, auditability, redemption guarantees are being enforced, especially in the EU under MiCA.
For OKX, offering yield on USDG strengthens its stablecoin strategy and gives users more attractive options to hold digital dollars rather than leaving capital idle. It may also push competing platforms to improve their stablecoin-yield offers.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice.
