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OKX Offers 4.1% Yield on USDG as Stablecoin Competition Heats Up
Yahoo Financeยท 2025-09-23 13:00
Group 1 - OKX is offering 4.1% yields on USDG in weekly payouts without staking lockups, responding to competition for stablecoin dominance [1] - USDG is minted by Paxos and is backed 1:1 by U.S. dollars, positioning itself as a reliable stablecoin option [1] - OKX joined the Global Dollar Network in July, expanding USDG's availability to both onshore and offshore users [1] Group 2 - Yield has become a critical competitive factor in the stablecoin market, with fiat-backed options like USDC and USDG competing against decentralized and algorithmic models [2] - OKX refers to stablecoins as "crypto's connective tissue," highlighting their essential role in the cryptocurrency ecosystem [2] Group 3 - Stablecoins are crucial in the crypto economy, facilitating payments, cross-border transfers, and DeFi strategies while maintaining value consistency with fiat currencies [3] - They allow users to hedge against the volatility of other crypto assets without exiting the crypto ecosystem [3]