OKX eyes emerging markets with yield-offering stablecoin savings and payments app

Crypto exchange OKX has launched OKX Money, a stablecoin savings and payments app, in parts of Latin America, Africa, South Asia and the Middle East, that will pay some customers as much as 10% yield.The app allows users to fund accounts using more than 50 supported currencies, with deposits converted into dollar-backed stablecoins, according to an announcement shared with Cointelegraph.Users can hold USDG, USDC or USDT, send funds and spend with virtual or physical cards. Qualifying customers can earn an annual percentage yield (APY) of up to 10% on eligible USDG balances without staking or a lockup.A spokesperson for the exchange told Cointelegraph that the rollout is happening market by market, in line with local requirements, with the relevant legal entity and regulatory framework varying by jurisdiction. OKX did not disclose its specific initial launch markets.Related: OKX, NYSE parent file to launch tokenized US stock platformThe exchange joined Paxos’s Global Dollar Network in July 2025, giving its users access to USDG for trading and transfers. Stablecoins are increasingly being used outside crypto trading. Cross-border stablecoin flows rose 77.5% to $220.3 billion in the 1...