USDG's market value has grown to $3.5 billion in one year, reflecting the activity of OKX users
2026-08-08 16:55:04
According to CoinMeta and on-chain analyst Ashes, the market value of the USDG stablecoin has grown from $300 million to $3.5 billion over the past year, with $1.95 billion of that value generated on the OKX blockchain. Although USDG is not a well-known stablecoin and has received less publicity, its growth has been driven by real-world use cases, making it the sixth-largest stablecoin by market size. This phenomenon directly reflects the user base and activity level of the OKX wallet; even in a quieter market environment, the growth of USDG has continued to be steady. X Layer supports USDG in areas such as stablecoin interest generation, boost, and payments, achieving results similar to those of other stablecoins that burn large amounts of funds.
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