USDG Rewards on OKX: Grow Your Stablecoin Balance the Simple Way

Main Takeaways

• USDG, also known as the Global Dollar, is a USD-pegged stablecoin issued by Paxos, a digital asset provider regulated by the Monetary Authority of Singapore (MAS). Backed 1:1 with cash and cash equivalents, USDG is issued on Ethereum and Solana.

• Hold USDG to earn stablecoin rewards. Earn 4.1% APY (VIP) or 3.5% APY (regular users) on USDG balances, paid out weekly — no staking, no lockups, no hassle. No holding cap for gaining rewards.

• USDG can further be used on OKX as yield-bearing collateral in flexible loan and futures trading. Use it as collateral and continue earning at the same time.
  

What is USDG?

USDG is a single-currency stablecoin pegged to the US dollar. USDG is issued by Paxos Digital Singapore, which is a Major Payments Institution supervised by the Monetary Authority of Singapore. USDG is issued in the EU by Paxos Issuance Europe Oy (PIE), an Electronic Money Institution regulated by the Finnish Financial Supervisory Authority (FIN-FSA). USDG is fully compliant with the EU’s Markets in Crypto Assets Regulation (MiCA).

OKX VIP users will enjoy higher APY. Enjoy up to 4.1% APY for unlimited holdings!

Starting date: 2026 April 1st

Benefits of Holding USDG on OKX

• Global-to-local competitive APY: Earn top-tier rewards automatically, distributed weekly. VIP users earn 4.1% APY and regular users earn 3.5% APY.

• Market-leading simplicity: No need for staking or lockups — your funds remain liquid and available for trading at any time. Rewards are calculated based on the cross equity of your trading, funding, and flexible loan accounts.

• Zero-fee trading in order book: When trading on OKX, move between USDT and USDG with zero fees, making it frictionless to start earning rewards immediately.

• Yield-bearing collateral: USDG allows you to earn passive rewards while using it as margin in futures trading or as collateral in flexible loan products. The discount rate is always 0.98. Collateral holding cap: 40,000,000 USDG per sub account.

How to Start Earning

Getting started takes just a few clicks:

1. Log in to your OKX account.

2. Obtain USDG through one of the following means:

   1. Subscribing for USDG through Earn

   2. Acquiring USDG through Spot Buy

   3. Acquiring USDG through Convert

3. Hold USDG and watch your rewards land in your account weekly.
   

Subscribing for USDG through Earn (low fees for USDC)

Subscribe in Earn — OKX App is supported on April 1st; Web will be launching around mid-April.

• USDC → USDG: 3 bps subscription fee

• USDT → USDG: subscription subject to spread + 3 bps subscription fee

Redemption via Earn

• Only USDG → USDC redemption supported. No redemption fees are chargable.

Subscription & Redemption Limits:

Note: Subscription and redemption limits are calculated separately. If you need higher limits, please contact your business manager.

Acquiring USDG through Spot Buy (zero fees for USDT)

• Buy USDG in spot orderbook using USDT

• Mark to market price difference, 0 trading fee
  

Acquiring USDG through Convert

• USDC <> USDG: transaction fees apply (quoted separately)

• USDT <> USDG: mark to market price difference + transaction fee (quoted separately)

• Per transaction limit: regular users 100,000 / VIP 1,000,000

• Access Convert via the API here: https://www.okx.com/docs-v5/en/#funding-account-rest-api-get-convert-currencies
  

For Traders and Investors

Here is more information that traders and investors may need:

1. How much of my holdings count towards my margin or collateral?

We count 98% of your holdings toward your margin and collateral. This applies to your main account and each sub account.Your collateral value is capped at 40 million USDG per sub account. If your combined holding in your trading account and flexible loan go above 40 million USDG, the portion above this limit won’t count towards your margin and collateral. Learn more about discount rate.

2. APY Calculation Details

Rates: VIP APY: 4.1% | Regular users APY: 3.5%

Calculation period: Each Monday to Sunday

Distribution: Wednesday of each following week (UTC+8 12:00)

Rewards payout token: USDG, credited directly to your funding account

Daily Balance calculation: Based on the cross equity of your trading, funding, and flexible loan accounts.

Formula: Rewards = Average USDG daily balance this week × APR / 52

3. Is there any cap for holding USDG to get APY?

No. There is no holding cap for gaining rewards. You earn rewards on your entire USDG balance based on the calculation formula with no upper limit.

4. How to check my holding and earnings?

Navigate to Grow → USDG Rewards in your OKX account to view your current holdings, accumulated earnings, and reward history.

Rewards do not represent funds received from Paxos Digital Singapore Pte. Ltd. or constitute any yield that may be generated by the any underlying assets backing the USDG stablecoin. You further understand and agree that Rewards are earned at a rate set by OKX, in its sole and absolute discretion, which may be modified, changed, or discontinued at any time without notice. Estimates of Rewards or APY published on the OKX website do not represent actual Rewards you receive and which may not reflect compounding. There may be a delay before your Rewards are eligible for transaction validation and earnings of Rewards.

This article is for reference only. It represents the author's views and does not represent the position of OKX. This article is not (i) investment advice or recommendations, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve high risk, and can lose value. You should consider whether trading or holding digital assets is suitable for you and consult your advisors for questions about your circumstances. Not all products and services are offered in all regions or for all users.It is your responsibility to understand and comply with local applicable laws and regulations. For more details, see the OKX Terms of Service and Risk & Compliance Disclosure.

© 2026 OKX. All rights reserved. OKX reserves the right to modify the contents of this article at its sole discretion without prior notice.