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OKX launches app to convert over 50 local currencies into USD-pegged stablecoins

Fortune ·

CRCL
CRCL Circle Internet Group Inc
$84.13 +1.00%
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  1. 1OKX has launched OKX Money, a standalone app that allows users to convert over 50 local currencies into USD-pegged stablecoins.
  2. 2The app offers up to 10% annual yield on eligible OKX USDG balances and supports Paxos's USDG, Circle's USDC, and Tether's USDT.
  3. 3The OKX-ICE joint venture has filed with the SEC to launch a separate platform for 24-hour trading of over 60 tokenized US stocks.

So what's the key point?

OKX has released an app that converts various local currencies into coins with the same value as the US dollar. Using this app, users can earn an annual yield of up to 10% just by holding the coins.

Source Fortune · View original ↗

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