Murphy|Jan 19, 2026 09:01
The competition of stablecoins has also given us more opportunities to profit from it .....
Finally, OKX has clearly chosen a stablecoin that is heavily supported - USDG; Issued by Paxos under the Monetary Authority of Singapore (MAS) framework; Follow the compliance route, anchor the US dollar at a 1:1 ratio, be regulated, and have transparent reserves; The positioning is also very clear, not to replace USDT, but to create USD assets that are more 'long-term usable and have more application scenarios'.
OKX deliberately did not open USDT in the previous flash earning activities, but in the latest one, USDG was directly included in the core participating assets; Meanwhile, the exchange between USDT and USDG is free of charge; This is very indicative of the problem: this is no longer a neutral choice, but actively shaping users' usage habits.
More importantly, the return design: OKX automatically earns an annualized return of 4.1% for holding USDG, without the need to manually subscribe to any wealth management products; Taking the current FOGO flash profit activity as an example, the annualized return of USDG participation is 2%, and after adding the basic return, the overall return is around 6%.
If lying directly on OKX Pay, the annualized amount for the first 10000 USDG is 10%, and the excess amount is also 5%; Given that users currently hold a large amount of stablecoins, the yield offered by this is significantly higher than that of conventional wealth management products such as USDT and USDC on other exchanges.
With Binance supporting U and USD1, OKX has chosen USDG... The curtain of stablecoin competition has once again opened, and it will inevitably move from "who is more stable" to "who is better to use and who has more scenarios". From the current actions, the answer given by OKX in USDG is already very clear.
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