OKX introduced the OKX Money app on October 6, 2026, during the OKX Now event in Singapore. The standalone application is designed for users in emerging markets to save, send, and spend stablecoins. It supports the conversion of over 50 local currencies into USDG, USDC, or USDT.
The platform offers up to 10% annual percentage yield on eligible USDG balances without requiring staking or lock-up periods. The final rate depends on specific deposit and spending conditions. Transfers and conversions between supported stablecoins are free of charge.
To facilitate spending, OKX provides virtual and physical Mastercard cards that feature no foreign-exchange fees and offer 10% cashback on qualifying purchases. The rollout will target regions including Latin America, Africa, South Asia, and the Middle East.
The company joined the Paxos Global Dollar Network in July 2025 to increase access to USDG. According to Chainalysis, cross-border stablecoin flows totaled $220,3 billion in the year ending June 2026, representing a 77,5% increase.
