OKX today announced the launch of USDG Earnings through OKX Pay, giving global customers* the ability to earn up to 10% APY on USDG deposits. Users will receive 10% APY on their first $10,000 USDG and 5% APY on any amount above that, creating a simple, liquid, and transparent way to earn yield on fully backed digital dollars.
USDG, a regulated, dollar-pegged stablecoin issued by Paxos Digital Singapore Pte. Ltd., allows users to hold and earn while maintaining full flexibility to trade or transfer funds at any time. With rewards calculated daily and paid automatically each week, the new program offers one of the most competitive yield opportunities currently available for stablecoin holders.
This launch expands the ways OKX customers can earn returns on USDG, joining automatic rewards available in the OKX Exchange account and onchain earnings accessible through OKX Wallet. Together, these options provide users with a choice between liquidity, passive income, and on-chain flexibility — all supported by OKX’s security and infrastructure.
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Three Ways to Earn With USDG
1. OKX Pay
Customers can earn up to 10% APY on the first $10,000 USDG deposited, and 5% APY on any balance above that. Rewards accrue daily and are paid automatically every Monday. Users may transfer USDG from their Exchange account or convert other stablecoins into USDG directly within OKX Pay at zero fees.
2. OKX Exchange
Users automatically earn up to 3.85% APY simply by holding USDG in their OKX Exchange account. Rewards accrue daily and are paid weekly on Wednesdays.
3. OKX Wallet
For users preferring on-chain rewards, the OKX Wallet offers up to 3.85% APY on connected USDG balances. Rewards accrue daily and can be claimed weekly.
All USDG earnings options require no lockups and allow funds to remain liquid for trading, transfers, or payments at any time.
USDG: A Regulated and Transparent Digital Dollar
USDG is issued in Singapore under a clear regulatory framework overseen by the Monetary Authority of Singapore (MAS). Its structure includes:
1:1 U.S. dollar asset backing
Segregated client funds
Monthly third-party reserve attestations
Defined redemption rights
No-fee conversion between USDG, USD, USDT, and USDC
Support for Ethereum, Solana, and X Layer networks
USDG’s open-source smart contracts are publicly verifiable and independently audited, ensuring transparency for both developers and users.
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Expanding Access Across Public Blockchains
USDG is designed to function seamlessly across multiple public chains. It currently operates on:
Ethereum (ERC-20)
Solana (SPL)
X Layer
Additional network integrations are planned to support broader use across DeFi platforms, wallets, and applications throughout the OKX ecosystem and beyond.
The OKX Approach: Transparency, Flexibility, and User Choice
OKX’s USDG program gives customers the ability to choose how they earn — whether through high APY in OKX Pay, passive automatic rewards in OKX Exchange, or on-chain rewards through OKX Wallet.
In an evolving market where reliability and transparency matter more than ever, OKX continues to build user-focused infrastructure designed to strengthen trust, increase flexibility, and provide clear value to customers globally.
*APY varies by region and may change. Product availability differs depending on jurisdiction. Full terms and risk disclosures apply.
