Crypto exchange OKX has launched OKX Money, a stablecoin savings and payments app, in parts of Latin America, Africa, South Asia and the Middle East, that will pay some customers as much as 10% yield.
The app allows users to fund accounts using more than 50 supported currencies, with deposits converted into dollar-backed stablecoins, according to an announcement shared with Cointelegraph.
Users can hold $USDG, $USDC or $USDT, send funds and spend with virtual or physical cards. Qualifying customers can earn an annual percentage yield (APY) of up to 10% on eligible $USDG balances without staking or a lockup.
