- OKX joins Global Dollar Network to expand $USDG stablecoin worldwide now.
- The exchange partners with 30+ big firms to support $USDG stablecoin.
- OKX brings PayPal deposits to make crypto stablecoins easier everywhere.
OKX, one of the biggest crypto exchanges in the world, has announced a new partnership. The company has joined the Global Dollar Network. This decentralized network desires to enhance the application of stablecoins in all places. The announcement was posted on the official X account of OKX.
OKX Partners with 30+ Firms to Expand $USDG Use
As a step towards the move, OKX will support $USDG. It is a US dollar-backed stablecoin. It is a token released by Paxos, a credible brand when it comes to digital assets and blockchain solutions. OKX posted the news on the official social media page.
To begin with, OKX thinks that the future of money lies in access, freedom, and transparency. This is the reason why this collaboration is significant to the company. OKX has collaborated with other large players such as Worldpay, Kraken, Anchorage Digital, Robinhood, and more than 30 partners.
Due to such a collaboration, OKX has now integrated $USDG into its platform. That implies that 60 million OKX users in 180 countries can now enjoy the use of $USDG. They can trade it 1:1 with the US dollar. They are also capable of doing this without the payment of additional fees. This is welcome news to most of the crypto users globally.
On top of that, according to OKX, this is not merely another coin. The company is interested in helping people manage their money. $USDG is a trustworthy and stable organization. It simplifies the process of sending and spending money at home or across borders.
In addition to this, OKX considers that stablecoins are the foundation of a more equitable world economy. The internet needs to transfer money as quickly as it does. Using digital dollars with $USDG, people may trade in centralized exchanges as well as decentralized finance. This introduces new opportunities for payment, trade, and savings.
Moreover, OKX plans to build more features around $USDG. The idea is to make digital dollars applicable to daily life. The more individuals use $USDG, the more new options will be available to its customers on OKX.
OKX Backs $USDG Stablecoin to Grow Global User Base
Meanwhile, another effort that OKX integrated with PayPal to simplify crypto for the people of Europe. As an example, PayPal now allows users in the European Economic Area to purchase and deposit crypto. This implies that they will be able to use PayPal, debit cards, credit cards, or bank accounts to deposit funds in their OKX accounts in seconds.
The purchase of crypto on OKX has been made easier and quicker with the introduction of this PayPal option. This demonstrates the interest of OKX in providing individuals with additional opportunities to access the world of crypto.
This new partnership with the Global Dollar Network is yet another step for OKX. The company is interested in contributing to the creation of an open and fair financial system. By listing $USDG, OKX is offering the world convenient access to the stable digital currency.
In conclusion, OKX states that this is only the start. The exchange will continue collaborating with partners in introducing new features. It desires to have more individuals experience the liberty and convenience of utilizing stablecoins such as $USDG. This will assist millions of individuals to have control of their money in the digital era.
The post OKX Joins Global Dollar Network to Boost $USDG Stablecoin Use appeared first on Live Bitcoin News.