OKX announces new OKX Money app with up to 10% yield for users in emerging markets

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Ksenia Gerey

8 hours ago

OKX announces new OKX Money app with up to 10% yield for users in emerging markets — OKX unveils OKX Money app launch

OKX has introduced a new standalone mobile app, OKX Money, designed for emerging markets to facilitate conversion of local currencies into U.S. dollar stablecoins, with additional features to be unveiled during the week.

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OKX has announced the launch of OKX Money, a standalone mobile app introduced at its product event in Singapore. The application is targeted at users in emerging markets—including regions such as Latin America, Africa, South Asia, and the Middle East—allowing conversion of over 50 local fiat currencies into U.S. dollar–backed stablecoins like USDG, USDC, and USDT. OKX Money offers features such as up to 10% annual yield on eligible USDG balances without lock-up, spending via virtual or physical cards with no foreign exchange fees, and a cashback program. The product is being rolled out gradually, with a user interface designed to be accessible for those new to crypto applications, and leverages third-party stablecoins rather than issuing its own token.

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How to participate

To join OKX's new OKX Money program, download the OKX Money app from official app stores or money.okx.com. Sign in or register for a new OKX account and complete identity verification. Add funds in your local fiat currency, which can be converted into stablecoins (USDG, USDC, or USDT). Users can earn yield by holding USDG, receive up to 10% cashback on card purchases, and access referral rewards. Participation is open to eligible users in supported regions; registration is available via the official sign-up link.

OKX is an international cryptocurrency exchange established in 2017, providing access to over 100 cryptocurrencies and various investment programs. The platform features margin trading, educational materials through its proprietary academy, multilingual support in 20 languages, and both hot and cold wallet security measures. For a detailed overview, see the broker profile on Traders Union.

For a deeper understanding of recent developments at OKX, see our previous OKX update on Traders Union, which covered the launch of their enhanced Intelligent Portfolio feature for automated and AI-driven asset management: previous OKX update on Traders Union.

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