OKX debuts OKX Money digital dollar wallet and payments app
Crypto exchange OKX has launched OKX Money, a standalone stablecoin payments and savings app targeting emerging markets with up to 10% APY on USDG balances.
Crypto exchange OKX has unveiled OKX Money, a standalone digital dollar wallet and payments application introduced onstage during its OKX Now event. The service is designed to abstract blockchain mechanics for mainstream consumers, allowing users to hold, save, earn, send, and spend dollar-backed stablecoins without conversion fees.[8][1][2][6]
Rolling out initially in participating jurisdictions, OKX Money targets emerging markets facing local currency volatility and traditional banking limitations. The platform supports USDG, USDC, and USDT stablecoins and permits account funding in more than 50 currencies while keeping balances stored in U.S. dollars. Users also receive access to both virtual and physical payment cards.[2][3][4][5][1][9]
The app also promotes a savings feature that pays up to 10% APY on qualifying USDG balances. According to reports from Cointelegraph, OKX has not yet disclosed the source generating the yield behind that advertised return.[3][7][9]
Key facts
- OKX debuted the OKX Money digital dollar wallet onstage at its OKX Now event.
- The app supports saving, sending, and spending USDG, USDC, and USDT stablecoins with no conversion fees.
- OKX Money allows funding in more than 50 local currencies while maintaining balances in U.S. dollars.
- Qualifying USDG balances can earn up to 10% APY on the platform.
- OKX did not disclose the underlying source of the yield for the 10% USDG savings rate.
- The offering is targeted at emerging markets and includes both virtual and physical cards.
Sources · 7 sources
- Y❤
yourfriendSOMMI ❤️💛💚💙@yourfriendSOMMIPost on X ·
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Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: OKX launches OKX Money, a standalone app for saving, sending, and spending dollar-backed stablecoins, starting in participating markets. The app supports funding in more than 50 currencies, USDG, USDC, and USDT, plus virtual and physical cards. https://t.co/FANhtyEImN
Open source - CT
Coin TelegraphArticle ·
OKX eyes emerging markets with yield-offering stablecoin savings and payments app OKX Money lets users hold, send and spend dollar-backed stablecoins, with qualifying USDG balances earning up to 10% APY.
Open source - CB
Crypto BriefingArticle ·
OKX launches OKX Money app to bring stablecoin savings to emerging markets OKX Money's launch could enhance financial inclusion in emerging markets, offering stablecoin savings amid currency volatility and banking limitations. The post OKX launches OKX Money app to bring stablecoin savings to emerging markets appeared first on Crypto Briefing .
Open source - CN
crypto.news@cryptodotnewsPost on X ·
JUST IN: OKX launches standalone stablecoin payments app OKX Money OKX Money lets users save, send and spend $USDG, $USDC and $USDT, with support for 50+ funding currencies plus virtual and physical cards. https://t.co/J7Um1Mrg3Q
Open source - CO
CoindeskArticle ·
OKX looks to abstract blockchain mechanics to bring stablecoin balances to everyday consumers OKX appears to be designing products to keep the blockchain element abstracted or out of sight for users who simply want to hold digital dollars and use a card.
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🔥 NEW: OKX launches OKX Money, a stablecoin app paying up to 10% APY on USDG across emerging markets, and won't say where the yield comes from. https://t.co/1pmG9NO3R8
Open source - CO
Cointelegraph@CointelegraphPost on X ·
ICYMI, OKX Money just debuted onstage at OKX Now. It's a digital dollar wallet built for the world. Save, earn, send and spend with no conversion fees. Nice work, @OKX. https://t.co/OMKGeCX2HE
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🔥 NEW: OKX launches OKX Money, a stablecoin savings and payments app offering up to 10% APY on $USDG across emerging markets. The source of the yield is yet undisclosed. https://t.co/56QeosQT0j
Open source