OKX Money Combines Stablecoin Savings, Payments, and Rewards in New App

OKX has introduced OKX Money, a new standalone app that integrates stablecoin savings, payments, and rewards. The platform allows users to convert funds from over 50 currencies into dollar-backed stablecoins, including USDG, USDC, and USDT. Eligible users can earn up to 10% APY on USDG balances without staking or lockup periods, with rewards paid weekly. The app also offers virtual and physical cards with zero foreign exchange fees and up to 10% cashback on eligible spending.

OKX Money is initially rolling out in selected emerging markets across Latin America, Africa, South Asia, and the Middle East. The company plans to expand market by market, depending on local regulations and customer demand. Existing OKX users can sign in with their current credentials, while new users must complete identity verification. Some services, such as local-currency funding and card access, vary by country.

The launch comes as stablecoins gain traction in cross-border payments and savings. Chainalysis reported that cross-border stablecoin flows reached $220.3 billion in the 12 months through June 2026, highlighting the growing use of stablecoins for remittances, supplier payments, and safeguarding savings from volatile local currencies. OKX aims to leverage this trend by offering a comprehensive stablecoin solution through OKX Money.

OKX has been moving toward stablecoin payments for over a year, previously launching OKX Pay in April 2025. The company has not disclosed the funding mechanism behind the 10% USDG reward rate, but it notes that rates and features may vary by region and eligibility. The OKX Money app includes a payments section for sending funds and an activity page to track transfers, spending, and rewards.