OKX Pay now supports USDG and launches exclusive interest rate hike activity

According to official sources, OKX Pay now supports USDG on the X Layer network and has launched an exclusive interest rate hike event. After updating the OKX App to version 6.143.0 and above, users can earn profits by purchasing, redeeming, or transferring USDG. According to the activity rules, the first 10000 USDGs held by users will generate a 10% annualized income, and any excess will generate a 5% annualized income. Interest is calculated daily and distributed weekly, providing users with convenient and stable asset appreciation services. It is reported that USDG (Global Dollar) is issued by Paxos Digital Singapore Pte. Ltd. (PDS) and is a single currency stablecoin (SCS) pegged to the US dollar equivalent, following the stablecoin regulatory framework to be implemented by the Monetary Authority of Singapore (MAS). Each USDG is supported by US treasury bond bonds and other reserve assets, and is audited monthly by the independent auditor Enrome LLP to ensure the stability of its anchoring relationship with US $1.