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+0.0%OKX launches stablecoin savings app for emerging markets with up to 10% APY
Image: CointelegraphOKX launched its standalone OKX Money stablecoin savings and payments app on October 6 2026 at its OKX Now event in Singapore. The app targets select emerging markets across Latin America, Africa, South Asia and the Middle East. It converts more than 50 local currencies into dollar-backed stablecoins including USDG, USDC and USDT. Eligible USDG balances earn up to 10% APY with no staking or lockup required. Users access zero-fee conversions, global transfers and a card with no foreign exchange fees plus 10% cashback on qualifying purchases.
Key points
- OKX Money lets users hold, send and spend USDG, USDC and USDT
- The app converts more than 50 local currencies into dollar-backed stablecoins
- Eligible USDG balances earn up to 10% APY with no staking or lockup
- OKX is rolling out the app market by market to align with local regulatory requirements
Why it matters
The app gives emerging market users access to low-cost dollar-backed stablecoin savings and payments, a use case aligned with rising cross-border stablecoin flows for remittances and savings.
What's unclear
The specific initial launch markets for OKX Money are not disclosed
How the 10% APY on eligible USDG balances is funded is not explained
Price context · USDC
At publication
$0.9999
Now
$1.0000
Change since
+0.00%
7 days · dashed line = publication
Sources · 2 publishers
Crypto Briefing
Tier 2
OKX launches OKX Money app to bring stablecoin savings to emerging markets
Coverage timeline
- First reported by Cointelegraph
- Confirmed by Crypto Briefing
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
