OKX Launches Irreversible USDT-to-USDC Conversion with 8% Bonus

OKX has introduced a new feature for users in the European Economic Area (EEA), allowing one-way conversion of USDT to MiCA-compliant USDC. This move reflects the regulatory shifts under the EU's Markets in Crypto-Assets (MiCA) framework. The service enables users to deposit USDT via supported blockchains and convert it irreversibly to USDC, which can then be used for trading, margin, earning on yield products, or spending with an OKX card.

The feature was launched on July 17, 2026, and is accompanied by a promotional campaign running from June 29 to July 31, 2026. During this period, users can earn an 8% bonus on net deposits (minimum €10, up to €20,000), with the bonus distributed bi-weekly over 52 weeks.

New users may also receive an additional welcome bonus and a temporary VIP account upgrade, while existing VIP users can share upgrade passes provided certain eligibility and opt-in requirements are met. To participate in the campaign, eligible residents of the EEA need to opt-in via the OKX app during the campaign period and make a qualifying net deposit of at least €10.