OKX has integrated with the Global Dollar Network (GDN) to provide access to and conversion of the Paxos-backed USDG stablecoin for its 60 million users across 180 countries at no cost.
USDG is regulated in Singapore and Europe, enhancing compliance and global market accessibility, with a unique revenue-sharing model within the GDN that supports active partnership among participants.
The collaboration between OKX and GDN aims to accelerate stablecoin adoption worldwide, aligning with the rising demand for stablecoins among retail and institutional clients.
The total stablecoin market cap exceeds $263 billion, indicating significant growth. OKX's partnership with GDN reflects the industry's evolution and potential for further expansion, facilitated by increasing regulatory frameworks supporting digital asset adoption.