OKX eyes emerging markets with yield-offering stablecoin savings and payments app
Summary
OKX launched OKX Money in parts of Latin America, Africa, South Asia and the Middle East, offering stablecoin deposits, transfers and card payments. Users can fund accounts in more than 50 currencies, converted into USDG, USDC or USDT. Eligible customers may earn up to 10% APY on USDG without staking or lockups, though rates and qualification criteria vary. OKX has not disclosed the initial markets or the source of the yield. The rollout is being tailored to local requirements. The launch comes amid growing stablecoin use for payments and savings and regulatory limits on stablecoin interest in the US and EU.
