Current outcome
OKX unveiled OKX Money, a standalone self-custodial finance app built on X Layer offering transfers, spending, savings and asset custody across more than 30 countries, with Aave-backed Pay Boost for European users and planned AI-driven investment features.
Progress timeline
2 material updates- #01
OKX debuts a platform that turns 50 currencies into digital dollars, betting emerging market investors want stablecoins
OKX has launched a platform that converts 50 local currencies into digital dollars, betting that emerging-market investors will adopt stablecoins for savings and cross-border payments.
Source evidence: Fortune · theblockbeats
- #02
OKX eyes emerging markets with yield-offering stablecoin savings and payments app
The story confirms the platform is OKX Money and adds: deposits from 50+ currencies convert into USDG, USDC or USDT; eligible USDG balances can earn up to 10% APY; virtual or physical spending cards are offered; rollout is market-by-market in Latin America, Africa, South Asia and the Middle East.
State after update: OKX has launched OKX Money in selected emerging markets for stablecoin savings and payments, supporting conversion from 50+ currencies into USDG, USDC or USDT, offering up to 10% APY on eligible USDG balances and virtual or physical spending cards, with a market-by-market rollout.
Source evidence: Cointelegraph