OKX Adds USDG Stablecoin Listing on June 11th

On June 11th, the OKX exchange will list the USDG stablecoin. The founders are renowned figures in the crypto industry. USDG, also known as Global Dollar, is a stablecoin pegged 1:1 to the US dollar. It is issued by Paxos Digital Singapore Pte. Ltd. and regulated by the Monetary Authority of Singapore (MAS), ensuring compliance with rigorous standards. USDG is available as an ERC-20 token on the Ethereum blockchain and is also supported on Solana, facilitating quick and cost-effective transactions. Furthermore, Paxos Trust Company, LLC (PTC), associated with the issuer, has been regulated under New York banking law since 2015, and Paxos International received approval to issue dollar-backed stablecoins from FSRA in Abu Dhabi in 2024.

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Multiple hexadecimal and cryptic symbols suggest ongoing or upcoming developments in crypto markets, possibly indicating network activity or internal updates, but they do not impact the fundamental aspects of USDG listing.

The listing of USDG on OKX could enhance liquidity and usability within the crypto ecosystem, especially for users operating on the exchange who prefer stablecoins for trading, hedging, or transfer purposes.