BlockBeats News, November 4th. According to official sources, OKX Pay now supports USDG on the X Layer network and has launched an exclusive interest rate promotion. Users who update their OKX App to V6.143.0 or above can earn rewards by purchasing, exchanging, or depositing USDG. The rules of the promotion indicate that users will earn a 10% annualized yield on the first 10,000 USDG held, with any amount above this threshold earning a 5% annualized yield. Interest is calculated daily and distributed weekly, providing users with a convenient and stable asset appreciation service.
USDG (Global Dollar) is issued by Paxos Digital Singapore Pte. Ltd. (PDS) and is a single-currency stablecoin (SCS) pegged to the US dollar, following the stablecoin regulatory framework soon to be implemented by the Monetary Authority of Singapore (MAS). Each USDG is backed by reserve assets such as US Treasury bonds and is audited monthly by the independent auditing firm Enrome LLP to ensure stability in its peg to the US dollar.
