OKX Introduces Flexible Payouts in USDG Rewards Program

OKX has introduced an update to its USDG rewards program, allowing users to choose between receiving weekly APY payouts in either USDG or BTC. The program offers up to 4.1% APY for VIP users and up to 3.5% APY for regular users, with daily compounding and weekly distribution of rewards.

The update provides users with flexibility between stablecoin and cryptocurrency exposure, allowing them to manage their risk and investment strategy effectively. To participate in the program, users must create an OKX account, complete identity verification, acquire USDG by purchasing or converting other stablecoins at a 1:1 rate, and hold USDG in their account.

The eligibility for the higher VIP rate requires either $100,000 in trading volume over 30 days or $100,000 in assets held on OKX. The program has no lockups, fees, or subscription requirements, and funds remain fully accessible at all times.