PANews reported on August 28th that, according to an official announcement, OKX has officially launched the USDG automatic interest earning feature to meet users' dual needs for efficient asset utilization and returns. This feature allows users to use USDG as collateral while also earning interest. More related interest earning activities will be launched in the future. Users simply need to hold at least 1 USDG in their OKX account to automatically start accruing interest, with no additional fees. The interest will be paid directly to their funding account weekly.
USDG, issued by Paxos Digital Singapore Pte. Ltd. (PDS), has been approved by the Monetary Authority of Singapore (MAS) as a primary payment institution to provide digital payment token services. It complies with the MAS's forthcoming stablecoin framework requirements. Compared to traditional products, USDG automatic earning offers advantages such as stability and security, improved capital efficiency, no additional fees, and unlimited subscription. In scenarios such as mortgage lending and margin trading, USDG not only improves capital utilization but also generates sustainable returns for users.
