OKX Brings USDG Stablecoin to 60M Users in GDN Deal

- OKX joins Global Dollar Network (GDN), integrating USDG stablecoin. - 60 million users gain fee-free, 1:1 conversion of USDG to U.S. dollars. On July 14, 2025, The Block reported that cryptocurrency exchange OKX joined the Global Dollar Network (GDN). The GDN is a stablecoin consortium co-founded by Paxos, Robinhood, Kraken, Anchorage Digital, Galaxy Digital, Bullish, and Nuvei. As a new member, OKX has integrated USDG, a U.S. dollar-backed stablecoin issued by Paxos. This integration allows OKX's 60 million global users to access USDG and convert it to U.S. dollars at a 1:1 ratio, free of charge. This integration boosts USDG's interoperability, as its multi-chain presence on the Ethereum, Solana, and Ink blockchains enables seamless interactions within leading decentralized ecosystems. Additionally, USDG incorporates a distinctive revenue-sharing model that directs up to 100% of revenue back to network partners, incentivizing GDN members to promote broader stablecoin adoption across various platforms and regions. Furthermore, USDG complies with stringent regulatory frameworks, holding approvals from both the Monetary Authority of Singapore and the Financial Supervisory Authority of Finland. This oversight builds confidence in the stablecoin's reliability and positions USDG as a legitimate, regulated digital dollar for payments, trading, and decentralized finance (DeFi) applications. OKX's decision to integrate USDG aligns with a surge in global interest in stablecoins, fueled by rapid market expansion and shifting regulatory landscapes. New legislation, such as the prospective GENIUS Act in the U.S., could further accelerate the worldwide adoption of stablecoins in financial markets. By joining GDN, OKX takes a proactive, strategic initiative to offer its users secure, regulated access to digital dollars and fortify its position in the growing stablecoin ecosystem. Following this development, OKB—the native token of OKX—is trading at $48.008, down 1.241% over the past 24 hours. Meanwhile, market data shows the competing stablecoin PayPal USD (PYUSD) remains steady at $1, with a marginal 0.005% price increase in the same period.