Crypto exchange OKX has joined the Global Dollar Network as a core partner, offering access to the USDG stablecoin to its 60 million users in 180 countries.
Through the partnership, OKX users can now access USDG and convert it to US dollars at a 1:1 rate with no additional cost.
The move supports efforts to enable cross-border payments and expand access to stablecoin infrastructure and decentralised finance tools.
OKX is also supporting USDG for customers in the European Union, following the stablecoin’s compliance with the EU’s Markets in Crypto-Assets (MiCA) regulation.
USDG is issued by Paxos Digital Singapore, a Major Payments Institution regulated by the Monetary Authority of Singapore, and by Paxos Issuance Europe under the supervision of Finland’s Financial Supervisory Authority.
The stablecoin is available on Ethereum, Solana, and Ink blockchains, and underpins the Global Dollar Network’s infrastructure.
The network includes more than 30 partners, such as Kraken, Robinhood, Worldpay, Anchorage Digital, and Paxos.
Global Dollar Network distributes network revenue to partners based on their contributions, a model aimed at encouraging collaboration and broader adoption.
“As a world-class leader in the blockchain space, OKX has played a pivotal role in shaping digital finance. Global Dollar Network is committed to the adoption of safe and trusted stablecoins, which make it possible for anyone, anywhere to access a transparent, 24/7 financial ecosystem, and to unlock institutional participation through regulatory clarity. We are delighted to welcome OKX to Global Dollar Network.”
said Walter Hessert, Head of Strategy at Paxos, on behalf of Global Dollar Network.
“USDG gives our customers access to a trusted, fully backed digital dollar designed for global use, enabling everything from everyday payments to seamless trading and DeFi participation.
We look forward to expanding USDG integration across the OKX ecosystem in the near future to unlock more real-world use cases and further accelerate global adoption.”
said Jeff Ren, Founder of OKX Ventures.
Featured image: Edited by Fintech News Singapore, based on image by nampix via Freepik
