OKX Pay now supports USDG and has launched a special interest rate promotion

According to official news, OKX Pay now supports USDG on the X Layer network and has launched a dedicated interest rate increase activity. After users update the OKX App to version V6.143.0 or above, they can earn returns by purchasing, exchanging, or transferring USDG. The activity rules indicate that the first 10,000 USDG held by users will enjoy an annualized return of 10%, while any amount exceeding that will enjoy an annualized return of 5%. Interest is calculated daily and distributed weekly, providing users with a convenient and stable asset appreciation service.

It is reported that USDG (Global Dollar) is issued by Paxos Digital Singapore Pte. Ltd. (PDS) and is a single currency stablecoin (SCS) pegged to the US dollar. It complies with the stablecoin regulatory framework that will soon be implemented by the Monetary Authority of Singapore (MAS). Each USDG is backed by reserve assets such as U.S. Treasury bonds and is audited monthly by an independent auditing firm, Enrome LLP, to ensure the stability of its peg to the US dollar.