OKX launches USDG automatic earning feature

ChainCatcher news, according to the official announcement, to meet users' dual demands for efficient asset utilization and returns, OKX has officially launched the USDG automatic earning feature. This feature allows users to earn returns while using USDG as collateral. More related earning activities will be launched in the future. Users only need to hold at least 1 USDG in their OKX account to automatically start accumulating returns, with no additional fees required. Returns will be settled directly to the fund account on a weekly basis.

It is reported that USDG is issued by Paxos Digital Singapore Pte. Ltd. (PDS) and has been approved by the Monetary Authority of Singapore (MAS) to provide digital payment token services as a major payment institution, complying with the upcoming stablecoin framework requirements from MAS. Compared to traditional products, USDG automatic earning offers advantages such as stability and security, improved capital efficiency, no additional rates, and no purchase limits. In scenarios such as collateralized lending and margin trading, USDG not only enhances capital utilization but also brings continuous returns to users.