OKX Debuts Standalone App for Stablecoin Savings and Payments

The rollout, which began October 6, focuses on regions in Africa, Latin America, South Asia, and the Middle East. OKX intends to expand the service incrementally, tailoring features to meet the specific regulatory frameworks of each jurisdiction. While the company has not provided a definitive list of active countries, users can verify availability by completing identity checks within the app.

Central to the product is the ability to hold and transact in USDG, USDC, and USDT. Eligible users can access up to 10% APY on USDG balances without the need for staking or lockup periods. However, the company has not disclosed the funding mechanism behind these yields, noting that qualification for the maximum rate depends on variables such as a user’s 30-day average deposit, spending volume, and internal VIP status. For everyday transactions, the platform offers Mastercard-branded cards that promise zero foreign exchange fees and potential cashback rewards on qualifying purchases.