OKX Launches Yield-Bearing Stablecoin App in Emerging Markets
OKX Money allows users in emerging markets to hold, send and spend dollar-backed stablecoins, with qualifying USDG balances offering up to 10% APY.
Cryptocurrency exchange OKX has launched a new stablecoin savings and payments application targeted at emerging markets, according to Cointelegraph. Named OKX Money, the platform enables users to hold, send, and spend dollar-backed stablecoins.
Yield Offerings
Instant Telegram notifications for large on-chain moves.
As part of the launch, the application offers up to 10% annual percentage yield (APY) on qualifying balances of the USDG stablecoin.
Key facts
- OKX launched the stablecoin savings and payments app across emerging markets.
- The application offers up to 10% APY on eligible USDG balances.
- Users can hold, send, and spend dollar-backed stablecoins through the platform.
Source: cointelegraph.com
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