OKX has taken a step toward expanding its stablecoin offerings by integrating USDG, a lesser-known digital dollar issued by Paxos.
The move ties the exchange to the Global Dollar Network, a growing alliance of firms focused on promoting compliant, fiat-backed assets.
Through this integration, OKX’s vast user base—now exceeding 60 million—gains access to USDG for on-chain transfers and trading. Unlike dominant players like USDT and USDC, USDG is still a small fish in a $250 billion stablecoin ocean, with a circulating supply of just $356 million. Yet Paxos believes the coin’s appeal lies in its regulatory clarity, positioning it as a stablecoin for institutions and risk-conscious users.
Regulated by Singapore’s central bank, with reserves held at DBS Bank, USDG has recently begun expanding into Europe under the MiCA framework. OKX’s adoption may accelerate that momentum, especially as demand rises for stablecoins tied to transparent reserve systems.
The Global Dollar Network—whose members now include Robinhood, Kraken, Beam, and Standard Chartered—aims to reshape the perception of stablecoins from speculative tools to infrastructure-grade financial instruments. And with U.S. legislative shifts like the GENIUS Act boosting corporate appetite, even Big Tech is rumored to be watching closely.
Stablecoins are no longer a niche payment rail. They’re becoming core tools in global liquidity, settlement, and cross-border commerce—and exchanges like OKX are racing to offer more regulated options ahead of the curve.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
