Crypto Exchange OKX said it offered 4.1% yields on the USDG in weekly payments, without stimulating locking.
OKX responds to the intensification of competition for the domination of Stablescoin, he said in an announcement by email on Tuesday.
The USDG is struck by the Stablecoin Paxos transmitter and is supported 1: 1 in US dollars.
OKX joined the Global Dollar Network in July, and now brings USDG to Onshore and Offshore users, by presenting it as a “dollar that reimburses you” during silent markets or when traders manage inactive funds.
The yield has become the key battlefield of Stablecoins, with options supported by Fiat such as the USDC and the USDG in competition with decentralized conceptions such as DAI and algorithmic models that have sadly fought to keep ankles.
OKX described stablecoins as “the connective tissue of the crypto”, in Tuesday’s announcement.
Stablecoins, cryptographic tokens set for the value of a traditional financial asset such as a fiduciary currency, now underlie a large part of the cryptographic economy, feeds payments, cross-border transfers and challenge strategies.
Their importance lies in maintaining a value consistent with a fiduciary currency, which means that users can go to bed against more volatile cryptocurrency without having to completely remove the funds from the cryptographic ecosystem.
