OKX Money brings stablecoin savings and cards into one app

cryptonews10-06

OKX has launched OKX Money, a standalone app that converts funding from more than 50 supported currencies into dollar-backed stablecoins while offering payments, transfers and rewards in selected ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2673051897?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-10-06 21:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2673051897","market":"nz","top_or_hot":-1,"title":"OKX Money brings stablecoin savings and cards into one app","media":"cryptonews","content":"<div>\n<p>OKX has launched OKX Money, a standalone app that converts funding from more than 50 supported currencies into dollar-backed stablecoins while offering payments, transfers and rewards in selected ...</p>\n\n<a href=\"https://crypto.news/okx-money-turns-local-currency-into-digital-dollars/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>OKX Money brings stablecoin savings and cards into one app</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOKX Money brings stablecoin savings and cards into one app\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-06 21:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/okx-money-turns-local-currency-into-digital-dollars/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>OKX has launched OKX Money, a standalone app that converts funding from more than 50 supported currencies into dollar-backed stablecoins while offering payments, transfers and rewards in selected ...</p>\n\n<a href=\"https://crypto.news/okx-money-turns-local-currency-into-digital-dollars/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1612","symbol_name":"加密货币概念","start_time":0,"source_url":"https://crypto.news/okx-money-turns-local-currency-into-digital-dollars/","article_id":"2673051897","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/okx-money-turns-local-currency-into-digital-dollars/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2673051897","pubTimestamp":1791291600,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"OKX has launched OKX Money, a standalone app that converts funding from more than 50 supported currencies into dollar-backed stablecoins while offering payments, transfers and rewards in selected markets.OKX Money lets users save, send and spend stablecoins through one standalone app and card.Eligible USDG balances can earn up to 10% APY without staking or required lockup periods.Users can fund accounts with over 50 currencies and hold USDG, USDC or USDT balances.OKX says card purchases carry zero foreign exchange fees and eligible spending earns cashback rewards.OKX Money turns local funds into three stablecoins. Customers can add money using more than 50 supported currencies, with the balance converted into dollar-backed stablecoins. OKX says users can hold USDG, USDC or USDT and move between supported stablecoins without conversion fees.Qualifying OKX Money customers can earn up to 10% APY on eligible USDG balances without staking their tokens or locking them for a fixed period. The","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1612":"加密货币概念","BK1511":"疑似财技股","BK1148":"建筑与工程","01499":"欧科云链"},"translate_title":"OKX Money 将稳定币储蓄和卡整合到一个应用程序中","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01499":1.87},"content_text":"OKX has launched OKX Money, a standalone app that converts funding from more than 50 supported currencies into dollar-backed stablecoins while offering payments, transfers and rewards in selected markets.\n\n\nSummary\n\n\n\nOKX Money lets users save, send and spend stablecoins through one standalone app and card.\nEligible USDG balances can earn up to 10% APY without staking or required lockup periods.\nUsers can fund accounts with over 50 currencies and hold USDG, USDC or USDT balances.\nOKX says card purchases carry zero foreign exchange fees and eligible spending earns cashback rewards.\nInitial rollout covers selected emerging markets, but OKX has not named every participating country yet.\n\n\n\nAccording to OKX, the Oct. 6 launch combines stablecoin balances, global transfers, virtual and physical cards and rewards in one product built for customers who may have little or no previous experience with crypto. The company says roughly 70% of the users it wants to reach have never used a crypto application.\nThe rollout covers parts of Latin America, Africa, South Asia and the Middle East, although OKX has not published a complete list of launch countries. A company spokesperson said availability will expand market by market according to local rules, with different legal entities and regulatory requirements applying across jurisdictions.\nOKX Money turns local funds into three stablecoins\nCustomers can add money using more than 50 supported currencies, with the balance converted into dollar-backed stablecoins. OKX says users can hold USDG, USDC or USDT and move between supported stablecoins without conversion fees.\n\nJUST IN: OKX launches standalone stablecoin payments app OKX MoneyOKX Money lets users save, send and spend $USDG, $USDC and $USDT, with support for 50+ funding currencies plus virtual and physical cards. pic.twitter.com/J7Um1Mrg3Q— crypto.news (@cryptodotnews) October 6, 2026\n\nThe app uses an existing OKX account. New customers must register and complete identity verification before adding or moving funds, while existing users can sign in with their current credentials. Some services, including local-currency funding and card access, depend on the customer’s country.\nTransfers inside OKX Money are promoted as free, and the product website says customers can send supported stablecoins without transfer fees. The app includes a payments section for sending funds to friends or businesses and an activity page where users can track transfers, spending and rewards.\nOKX has been moving toward stablecoin payments for more than a year. As previously reported in crypto.news coverage of OKX Pay, the exchange launched a self-custodial payment product in April 2025 that allowed users to send USDT and USDC without fees.\nThe 10% USDG rate depends on eligibility\nQualifying OKX Money customers can earn up to 10% APY on eligible USDG balances without staking their tokens or locking them for a fixed period. The product site says rewards are paid weekly while the balance remains available for spending.\nThe maximum rate does not apply automatically to every user. An OKX spokesperson said qualification can depend on factors including a customer’s 30-day average deposit balance, 30-day spending level or exchange VIP status. Rates and eligibility differ by customer and region.\nOKX has not publicly explained how the highest OKX Money reward rate is funded. When asked about the source of the yield, the company spokesperson declined to provide details, leaving the funding mechanism behind the advertised maximum rate undisclosed.\nUSDG itself is issued by Paxos. Paxos says the stablecoin is backed by U.S. dollar deposits, short-duration U.S. government securities and other cash equivalents and can be redeemed for dollars. Paxos Digital Singapore operates under supervision from the Monetary Authority of Singapore.\nThe reward should therefore be distinguished from the underlying stablecoin’s dollar backing. Paxos’s Global Dollar Network uses an economic model that distributes part of the network’s economics among participating companies. Paxos has described the model as sharing benefits with partners based on their contributions to USDG adoption and activity.\nOKX already operates separate USDG reward programs. Its March 2026 terms for OKX Pay set different rates based on VIP status, with up to 10% applying to the first $10,000 for customers at VIP 3 or above and lower rates for other tiers. OKX Money’s Oct. 6 announcement says product rates and features can vary by region and eligibility.\nOKX Money cards promise zero foreign exchange fees\nOKX Money includes virtual and physical cards for eligible customers. The company says purchases made in another currency carry zero foreign exchange fees and no conversion markup, while qualifying purchases can earn cashback of up to 10%.\nThe product website says the card can be used online or in stores wherever Mastercard is accepted, subject to local availability. Card controls sit inside the app, where users can manage spending limits and view transactions.\nCashback rates are not guaranteed for every purchase or customer. OKX describes the maximum as applying only to eligible spending, while product availability and reward terms depend on region. The launch announcement does not provide one universal cashback schedule for every participating market.\nOKX previously introduced stablecoin-linked card products in Europe. In related crypto.news coverage, the company launched OKX Pay and a Mastercard-linked card for European customers in January, with stablecoin balances converted for everyday purchases under its European setup.\nThe new OKX Money product targets different regions and is being rolled out under local requirements. Its cards and local funding options will therefore not necessarily be available everywhere that the OKX exchange itself operates.\nStablecoin payments are growing across OKX’s target markets\nOKX is launching the app as stablecoins take a larger role in cross-border payments and savings.\nChainalysis reported that cross-border stablecoin flows reached $220.3 billion during the 12 months through June 2026, up 77.5% from the previous period. Monthly cross-border value climbed from $11 billion in January 2025 to $24 billion in June 2026.\nThe analytics firm said average cross-border stablecoin transfers were close to $3,000, consistent with uses such as supplier payments, remittances and moving savings away from volatile local currencies. Its measurement excludes transactions where either side cannot be linked to a country, meaning Chainalysis considers the $220.3 billion total a conservative estimate.\nAfrica is among the regions where stablecoin payment use has been expanding. In recent crypto.news coverage of African businesses using stablecoins, payment firms cited dollar access, supplier settlements and lengthy bank transfers as reasons businesses were increasingly using dollar-linked tokens.\nLatin America has shown a similar trend. Crypto.news reported in May that dollar-pegged stablecoins accounted for 40% of crypto purchases on Bitso during 2025, compared with 18% for Bitcoin.\nOKX plans to expand market by market\nOKX has not set a public timetable for making OKX Money available across every country in its target regions.\nThe company says the rollout will proceed through participating markets as it evaluates product performance and customer support. Its launch notice states that rates, features and eligibility vary by region and warns that some products described in the announcement may not be available to every customer.\nSpecific launch-country lists remain unpublished. Customers opening the app must complete identity checks, after which OKX determines whether OKX Money, local-currency funding and card services are available in their location.\nThe company currently operates under regulatory licensing frameworks in more than 30 jurisdictions, according to its Oct. 6 announcement. OKX said it plans to expand OKX Money only as individual markets can be supported under the relevant local framework.\n\n\n\n\n\n                Read more:\n            \n\n                Why is Cardano price rising as open interest jumps 25%?","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.52.0","shortVersion":"4.52.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2673051897","isCrawlerRequest":true}