USDG Rewards are Live on X Layer With up to 4.1% APY

Our core focus with X Layer is giving you greater freedom and variety in DeFi protocols, payments, and real-world applications, while building a leading global public network.

On September 26, Global Dollar (USDG), the trusted stablecoin from Paxos, went live on X Layer, OKX’s high-performance Layer 2 network - which enabled global customers on OKX to deposit and withdraw USDG.

Today we're pleased to announce the next step: up to 4.1% APY rewards on USDG holdings on X Layer, where USDG rewards will be accrued daily and claimable every week. The rewards program will not be available to customers in USA, UK, EEA, Brazil, Australia, UAE, Turkey and Singapore.

Earning yield has too often meant sacrificing safety or liquidity. With 4.1% APY on X Layer, we’re bridging that gap, building an open, inclusive on-chain ecosystem with X Layer and USDG that gives users real choice across DeFi, payments, and beyond.

Getting USDG across the X Layer ecosystem is simple. Here’s how:

1. OKX Exchange: Trade for USDG directly and move it to X Layer seamlessly

2. Cross-Chain Bridges: If you already hold USDG, you can bridge it over from other networks instantly

3. DEXs: Swap for USDG right inside X Layer’s growing DeFi world

4. Lending Protocols: Supply your USDG to earn yield or use it as collateral

And here's how you can participate in the rewards program:

1. Hold USDG on X Layer via OKX Wallet

2. Connect your Wallet to Exchange to activate the rewards program

3. Claim your rewards on Wallet under the USDG token page

Why it Counts

As USDG becomes a core part of the X Layer network, it provides the stability and trust needed for everyday use. That means you can explore new opportunities across Web3 while staying grounded in the same security, transparency, and regulatory standards you expect from traditional finance.

You benefit from the reliability of a fully compliant stablecoin combined with the speed and efficiency of a top-tier Layer 2 network - all while earning up to 4.1% APY. This lets you safeguard your capital against inflation and generate competitive returns without sacrificing liquidity or confidence.

USDG is backed 1:1 with cash and cash equivalents and earn rewards. It’s designed for compliance from the ground up, aligning with leading global regulations like Singapore’s MAS and Europe’s MiCA frameworks. Issued by regulated entities like Paxos Digital Singapore, it offers the transparency and oversight you deserve.

Get Started Now

Whether you're a developer building the next big dApp or someone looking to make your stablecoins work harder, USDG on X Layer is your foundation.

For more information on X Layer, please visit: https://web3.okx.com/xlayer

Buy USDG here: https://www.okx.com/trade-convert

*Disclaimer: APY might vary depending on conditions

This content is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (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 a high degree of risk, and can lose value. Please consult your legal/tax/investment professional for questions about whether trading or holding digital assets is suitable for you. APY is subject to change. X Layer is a permissionless blockchain . It has no control over and is not responsible for the services of such third party platforms built on X Layer. Not all products are offered in all regions. For more information, please refer to the X Layer Terms of Service.