OKX Launches OKX Money App Offering 10% APY on USDG

Crypto15 days ago

The cryptocurrency exchange has released a standalone application for managing dollar-backed stablecoins in participating emerging markets. This tool allows users to save, send, and spend digital assets such as USDG, USDC, and USDT, and it includes support for funding in over 50 currencies through virtual and physical payment cards.

The platform provides a return of up to 10% APY for users holding USDG. OKX has not disclosed the origin of this yield, though the app is now available for use in designated markets.

Mapped to your portfolio

Possible scenarios

40%USDG Adoption Accelerates+0.2%
25%Regulators Challenge Yield-0.2%
20%Yield Economics Questioned-0.1%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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OKX Launches OKX Money App Offering 10% APY on USDG

In this story

OKX

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

40%USDG Adoption Accelerates+0.2%
25%Regulators Challenge Yield-0.2%
20%Yield Economics Questioned-0.1%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.