OKX offers US VIP users up to 4.1% APY on USDG with no lock-ups

OKX is rolling out a rewards program for eligible US users that pays up to 4.1% APY on holdings of USDG, the Paxos-issued stablecoin. No lock-ups, no staking requirements, no holding caps. The program, which launched on April 1, 2026, splits into two tiers. VIP users get the full 4.1% rate, while regular users earn 3.5% APY. Payouts happen automatically every week, calculated based on average balances from Monday through Sunday. How the program works and who qualifies The VIP designation isn’t just a fancy label. Qualifying requires a minimum of $100,000 in trading volume or assets over a rolling 30-day period. Rewards apply only to USDG balances held in OKX exchange accounts, not external wallets. USDG itself, formally known as Global Dollar, is a USD-pegged stablecoin issued by Paxos Digital Singapore. It currently carries a market capitalization of roughly $3.4B and trades near $1.001. The stablecoin operates across multiple blockchains including Solana, Ethereum, and X Layer. OKX also offers zero-fee conversions between USD and USDC on its platform. The GENIUS Act factor This program arrives amid heightened regulatory scrutiny of stablecoin yields, specifically because of the G...