Crypto exchange OKX said it is offering 4.1% yields on USDG in weekly payouts, without staking lockups. OKX is responding to intensifying competition for stablecoin dominance, it said in an emailed announcement on Tuesday. USDG is minted by stablecoin issuer Paxos and is backed 1:1 by U.S. dollars. OKX joined the Global Dollar Network in July, and now brings USDG to onshore and offshore users, pitching it as a “dollar that pays you back” during quiet markets or when traders park idle funds. Yield has b ...