OKX is turning its attention to emerging markets and launching a stablecoin savings and payment application that offers returns.

This cryptocurrency exchange stated that it has launched OKX Money in parts of Latin America, Africa, South Asia, and the Middle East. According to a joint announcement with Cointelegraph, this application allows users to top up their accounts using more than 50 supported currencies, and the deposits are converted into US dollar-pegged stablecoins.

Users can hold USDG, USDC, or USDT, send funds, and use virtual cards or physical cards for consumption. The exchange states that eligible customers can obtain an annualized yield of up to 10% (APY) on their eligible USDG balances without the need for collateral or a lock-up period.

A spokesperson for the exchange told Cointelegraph that this promotion will be carried out gradually according to market conditions and will comply with local requirements; the relevant legal entities and regulatory frameworks may vary depending on the jurisdiction. OKX did not disclose the specific markets where it will be launched first.

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In July 2025, the exchange joined the Global Dollar Network of Paxos, enabling its users to conduct transactions and transfers using USDG.

Stablecoins are being used increasingly beyond cryptocurrency transactions. According to Chainalysis, in the 12 months up to June 2026, cross-border stablecoin flows grew by 77.5%, reaching $220.3 billion; the institution noted that trade, remittances, and savings were the main uses for these stablecoins.

OKX has not disclosed the source of 10% of its earnings.

The spokesperson stated that customers can achieve a higher tier by meeting the requirement of an average deposit of 30 days, exceeding a consumption amount of 30 days, or reaching a higher level on the exchange such as VIP.

The spokesperson stated that the yield rates and qualification criteria vary by region and customer, and refused to comment when asked how the earnings are financed.

Previous stablecoin yield products included Anchor Protocol. This protocol once offered a maximum return of 20% on TerraUSD ( UST ); UST is an algorithmic stablecoin, and its dollar peg relies on the conversion to the LUNA token it is linked to. UST lost its peg in May 2022, and subsequently both tokens collapsed.

In contrast, USDG, USDC, and USDT are all fully supported by asset reserves, as stated by their respective issuers. Some of the latest stablecoin reward programs share reserve earnings or offer loyalty rewards funded by exchanges. For Paxos, the Global Dollar Network will distribute the profits generated from the reserves of USDG to partners, with these reserves including U.S. Treasury bonds, money market funds, and cash.

The U.S. “GENIUS Act” prohibits payment-stablecoin issuers from paying interest or yields, while banking groups have been advocating for restrictions on exchange rewards. In the European Union, the “Regulation on Markets in Crypto Assets” prohibits issuers and crypto service providers from offering interest on single-currency stablecoins.

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