OKX launches stablecoin savings and payments app in emerging markets
OKX Money lets users hold and spend stablecoins across key emerging markets Fund accounts, earn up to 10% on USDG, and use cards with no staking
Crypto exchange OKX has introduced OKX Money, a payments and savings app that lets users in parts of Latin America, Africa, South Asia and the Middle East hold and spend dollarbacked stablecoins.
According to the company, customers can fund accounts with more than 50 local currencies, which are converted into stablecoins such as USDG, USDC and USDT. The app also supports transfers and spending through virtual or physical cards.
Eligible users may earn up to 10% annual yield on USDG balances without staking or locking funds. OKX said the rollout will vary by market and will follow local legal and regulatory requirements, but it did not name the first launch countries or explain how the yield is funded.