OKX launches stablecoin app for emerging markets

• OKX launched OKX Money, a standalone app for saving, sending and spending digital dollars.
• Users can hold USDG, USDC or USDT and fund accounts using over 50 currencies.
• The service offers eligible USDG balances up to 10% APY and zero foreign exchange fees.

OKX has launched OKX Money, a standalone app for saving, sending and spending digital dollars.

The service combines stablecoin savings, global transfers and virtual or physical cards in one app.

OKX said roughly 70% of its target users have never used a crypto application.

Users can fund accounts with more than 50 currencies, which convert into dollar-backed stablecoins.

Eligible customers can earn up to 10% APY on USDG balances without staking or lockups.

OKX Money supports USDG, USDC and USDT, with zero conversion fees between supported stablecoins.

The app also offers zero foreign exchange fees and no conversion markup for overseas card purchases.

OKX plans to expand beyond participating markets as it assesses product performance and customer support.