陈剑Jason|Feb 24, 2026 03:53
When it comes to bear markets, it's a turbulent time for stablecoins. Previously, OKX had been subsidizing exchange rates on the platform to promote USDG, but just now I saw an announcement that Flash Exchange would no longer support 1:1 exchange between USDG and USDC starting tomorrow, but would instead follow market prices. It scared me a bit. After checking, it seems that the current exchange rate for USDC is still 1:1, but there is a premium for selling USDT, so it doesn't seem like a big problem at the moment? After all, USDT, which has been trading at market exchange rates, still has a premium.
The investment income of USDG in OKX has always been stable, even in the current bear market, it is still 3.5%. My account put 500000 last month and currently has a return of 1584. In addition, OKX's flash profit mining also provides strong support for USDG. As long as USDG is not a problem, it is okay as long as the exchange rate is worn down.
As for why USDG has high financial returns, it is a compliant stable currency issued by a coalition composed of Kraken, Robin Hood, Anchorage, Galaxy and other institutions. The key is that USDG has released 100% of its treasury bond returns to its partners without any reservation. OKX, a core member of USDG, has obtained the priority of integration. After looking at the latest reserve report, only cash and treasury bond are available, so the risk is good at present. Since USDT still has premium, I personally plan to take another look at the situation, hoping that people will be OK
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