OKX debuts OKX Money stablecoin app offering up to 10% yield for emerging markets users
Crypto exchange OKX has launched OKX Money, a stablecoin savings and payments application available in parts of Latin America, Africa, South Asia, and the Middle East. It enables users to fund accounts in over 50 currencies converted into dollar-backed stablecoins. Eligible customers can earn up to 10% annual percentage yield on USDG balances without staking or lockups.
Features and rollout of OKX Money
OKX Money allows users to hold dollar-backed stablecoins USDG, USDC, or USDT, send funds, and pay using virtual or physical cards. Customers can qualify for up to 10% APY by meeting certain thresholds like 30-day average deposit, monthly spending, or attaining higher Exchange VIP status.
The exchange’s spokesperson explained that the launch is gradual and tailored to comply with local laws and regulatory frameworks that vary by jurisdiction. OKX did not specify which markets are first to receive the app.
Joining Paxos’s Global Dollar Network and stablecoin usage trends
In July 2025, OKX joined Paxos’s Global Dollar Network, enabling users to access USDG for trading and transfers across platforms. Stablecoins have gained traction beyond crypto trading — Chainalysis data shows cross-border stablecoin flows climbed 77.5% to $220.3 billion in the year ending June 2026, serving use cases such as trade, remittances, and savings.
Yield source and regulatory environment
The OKX representative said that APY rates and eligibility criteria depend on the user region and status but declined to reveal how the yield is funded. Previously, the Anchor Protocol offered up to 20% returns on TerraUSD (UST), an algorithmic stablecoin whose failure in May 2022 led to collapse of UST and LUNA tokens.
Unlike algorithmic stablecoins, USDG, USDC, and USDT are fully backed by asset reserves mainly consisting of US Treasury bills, money market funds, and cash. Some recent stablecoin reward programs share income generated by reserves or offer exchange-funded loyalty incentives. Paxos’s Global Dollar Network distributes earnings from USDG reserves to partners.
Legislation such as the US GENIUS Act bans payment stablecoin issuers from paying interest or yields, and banking entities advocate restrictions on exchange-funded rewards. The European Union’s Markets in Crypto Assets (MiCA) Regulation also prohibits issuers and crypto service providers from granting interest on single-currency stablecoins.
Why it matters
The launch of OKX Money in emerging markets offering up to 10% yield on stablecoins represents a notable advancement in promoting crypto adoption for everyday financial activities, such as savings and payments. As cross-border money flows and demand for accessible financial services grow in underserved regions, the app provides convenience and attractive yields, encouraging digital asset use where traditional banking options may be limited. However, the undisclosed yield sources and regulatory restrictions on paying interest on stablecoins highlight the challenges in integrating crypto solutions within established financial frameworks, emphasizing the need for balancing innovation with compliance.
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