OKX Partners with Global Dollar Network to Expand $USDG Stablecoin Reach to 60 Million Users

OKX, a leading global cryptocurrency exchange, has announced its partnership with the Global Dollar Network to expand the utility and adoption of its stablecoin, $USDG. This collaboration aims to integrate $USDG, a fully collateralized and USD-pegged stablecoin issued by Paxos, into the Global Dollar Network, thereby extending its reach to 60 million users across 180 countries. This move is expected to bolster the stability and accessibility of $USDG, making it a more viable option for users seeking a reliable digital asset.

OKX has partnered with over 30 major firms, including Worldpay, Kraken, Anchorage Digital, and Robinhood, to support the $USDG stablecoin. This collaboration aligns with OKX's vision of a future where money is characterized by access, freedom, and transparency. By integrating $USDG into its platform, OKX enables its users to trade the stablecoin 1:1 with the US dollar without incurring additional fees. This development is welcomed by crypto users globally, as it simplifies the process of sending and spending money both domestically and internationally.

OKX views stablecoins as the foundation of a more equitable world economy, where digital dollars can be transferred as quickly as information on the internet. With $USDG, users can trade on both centralized exchanges and decentralized finance platforms, opening up new opportunities for payment, trade, and savings. OKX plans to build more features around $USDG to make digital dollars applicable to daily life, thereby providing more options to its customers.

In addition to this partnership, OKX has integrated PayPal deposits to simplify crypto transactions for users in the European Economic Area. This integration allows users to deposit funds into their OKX accounts using PayPal, debit cards, credit cards, or bank accounts, making the purchase of crypto on OKX easier and quicker. This move demonstrates OKX's commitment to providing individuals with additional opportunities to access the world of crypto.

OKX's partnership with the Global Dollar Network is a strategic move to contribute to the creation of an open and fair financial system. By listing $USDG, OKX is offering the world convenient access to a stable digital currency. The exchange plans to continue collaborating with partners to introduce new features, aiming to have more individuals experience the liberty and convenience of utilizing stablecoins such as $USDG. This will assist millions of individuals in taking control of their money in the digital era.