OKX has become the latest major crypto exchange to join the Global Dollar Network, integrating the USDG stablecoin across its platform and granting 60 million users in over 180 countries direct access to a fully backed digital dollar.
Announced on July 14, the move significantly expands USDG’s global presence, especially following its recent regulatory clearance under the EU’s MiCA framework.
Through this integration, OKX users can seamlessly convert USDG to U.S. dollars at a 1:1 ratio with no fees, enhancing the stablecoin’s utility for payments, trading, and decentralized finance (DeFi). USDG is live on Ethereum, Solana, and Ink, and is issued by Paxos Digital Singapore and Paxos Issuance Europe entities regulated by Singapore’s MAS and Finland’s FIN-FSA, respectively.
The partnership also reflects OKX’s ongoing commitment to building compliant digital finance infrastructure.
“USDG gives our customers access to a trusted, fully backed digital dollar designed for global use,”
said Jeff Ren, founder of OKX Ventures.
“We’re focused on real-world use cases, and this move positions us to accelerate stablecoin adoption globally.”
Moreover, OKX’s entry brings fresh momentum to the Global Dollar Network, which operates a revenue-sharing model rewarding partners based on their ecosystem contributions. The network includes major industry players like Kraken, Robinhood, Worldpay, and Anchorage Digital, and now gains additional scale through OKX’s global reach.
Stable. Scalable. Onchain.
OKX just joined one of the fastest-growing stablecoin ecosystem: the Global Dollar Network.
With USDG integration, we’re unlocking trusted stablecoin access and real world utility to 60M+ users across 180+ countries.
Learn more ➡️… pic.twitter.com/7UhqueUiiI
— OKX (@okx) July 14, 2025
Paxos Head of Strategy Walter Hessert noted that the partnership strengthens the bridge between centralized and decentralized finance, emphasizing the Network’s mission to provide secure and transparent digital dollar infrastructure worldwide.
This development comes as OKX simultaneously advances its European footprint. The company has officially launched a fully regulated centralized platform in Spain, allowing users to trade over 270 cryptocurrencies, including 60+ crypto-Euro pairs. The Spanish platform also supports staking, automated trading bots, and earn products all operating under a MiCA-compliant framework, reinforcing OKX’s regulatory-first approach in key global markets.
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