OKX launches OKX Money app for saving, sending and spending digital dollars
The standalone app supports eligible stablecoin balances, dollar conversion and virtual or physical cards, according to OKX.
OKX launched OKX Money on October 31 as a standalone app for saving, sending and spending digital dollars.
The app supports eligible dollar-backed stablecoin balances, conversion between USDG, USDC and USDT, and virtual and physical cards for spending, according to OKX. The company said eligible USDG balances can earn up to 10% APY and that the cards are designed for global spending without foreign-exchange fees.
A wallet that combines savings, transfers and card spending can make stablecoins more accessible, but yield, availability, redemption and card acceptance depend on eligibility, jurisdiction, terms and the underlying products. Users should also understand who holds assets, how balances are protected and what happens if a card or stablecoin rail is unavailable.
The announced yield is a maximum for eligible balances, not a guaranteed return for every user. OKX did not present the launch as universal access to banking services, and the app’s features may vary by country and account status.