OKX Partners with Global Dollar Network to Boost USDG Adoption

In a strategic move to enhance its global reach and offer more financial solutions, OKX has joined the Global Dollar Network as a core partner. This partnership, announced by the Global Dollar Network on July 14, 2025, integrates the US dollar-pegged stablecoin USDG into the OKX platform, expanding its availability to over 60 million users across 180 countries. This development allows OKX users to convert USDG to USD at no cost, with future enhancements anticipated.

Expanding Financial Inclusivity

The integration of USDG underscores a mutual commitment between OKX and Global Dollar Network to foster greater inclusivity in the global financial landscape. With USDG now available in the European Union and compliant with the Markets in Crypto-Assets (MiCA) regulation, OKX is poised to support its European user base by facilitating seamless cross-border payments and providing a reliable stablecoin infrastructure.

Walter Hessert, Head of Strategy at Paxos, praised OKX's role in digital finance, emphasizing the network's dedication to adopting stablecoins that offer transparency and regulatory clarity. This collaboration aims to unlock institutional participation and widen access to a 24/7 financial ecosystem.

Impact on Cryptocurrency and DeFi

Jeff Ren, founder of OKX Ventures, highlighted the partnership as a crucial step in empowering users with financial freedom and choice. By integrating USDG, OKX enables users to engage in everyday transactions, trading, and decentralized finance (DeFi) activities seamlessly. The exchange plans to further incorporate USDG across its ecosystem, driving real-world applications and accelerating global adoption.

USDG, known for its stability, is pivotal to the Global Dollar Network's operations and is accessible on major blockchain platforms including Solana, Ink, and Ethereum. Issued by Paxos Digital Singapore and Paxos Issuance Europe, USDG is supervised by the Monetary Authority of Singapore and complies with European financial regulations.

Innovative Economic Framework

Global Dollar Network's unique economic model incentivizes partners by distributing network-generated revenue based on their contributions. This collaborative approach aims to encourage widespread adoption and integration of USDG across various platforms and industries.

For more details on the Global Dollar Network, visit their official website.