The Global Dollar Network announced in New York on July 14, 2025 that OKX, the world's leading cryptocurrency platform, has officially joined the network as a core partner. Previously, the Global Dollar Network announced that Mastercard and Worldpay had joined, and now the number of network partners has grown to more than 30. As one of the world's largest and most influential cryptocurrency platforms, OKX has integrated the stablecoin Global Dollar (USDG) pegged to the US dollar and serves 60 million users in 180 countries around the world, promoting the globalization of the ecosystem. Currently, OKX users can easily use the USDG stablecoin and enjoy a 1:1 zero-cost exchange service with the US dollar, and more features and integrations are coming soon.
OKX's integration with USDG reflects their shared vision of promoting global financial inclusion through centralized and decentralized infrastructure. OKX also provides USDG support to EU users after the Global Dollar Network announced that USDG has been launched in the EU and complies with the MiCA regulatory framework. This collaboration furthers OKX's mission to enable seamless cross-border payments, provide trusted stablecoin infrastructure, and broaden the use of DeFi tools.
Walter Hessert, Head of Strategy at Paxos and Head of Strategy at Global Dollar Network, said: “As a global leader in the blockchain space, OKX has played a key role in shaping the digital financial landscape. The Global Dollar Network is committed to making secure and trusted stablecoins universally available, enabling all users to access a transparent, 24/7 financial ecosystem anytime, anywhere, and fostering institutional participation through a clear regulatory framework. We are pleased to welcome OKX to the Global Dollar Network.”
Jeff Ren, Founder of OKX Ventures, said: "Joining the global USD network is a natural step forward in our mission to expand users' financial options and achieve financial freedom. As stablecoin adoption accelerates, we are honored to work alongside industry leaders. USDG provides users with a trusted, fully-reserved, global digital dollar that can be easily used for daily payments, seamless transactions, and DeFi participation. We look forward to expanding USDG's integration into the OKX ecosystem in the near future, expanding more real-world application scenarios, and further promoting global adoption."
As the core stablecoin of the global US dollar network, USDG has been launched on the three major blockchain networks of Solana, Ink and Ethereum with its unparalleled stability. The stablecoin is issued by Paxos Digital Singapore, a licensed large payment institution regulated by the Monetary Authority of Singapore (MAS), and is also issued by Paxos Issuance Europe, which is regulated by the Finnish Financial Supervisory Authority (FIN FSA), in compliance with the Markets in Crypto-Assets Act (MiCA).
Unlike the traditional stablecoin model, the global dollar network adopts a unique economic framework to distribute network revenue based on the contributions of all parties. This mechanism not only promotes win-win collaboration, but also encourages large-scale application and popularization.
For more information about the Global Dollar Network or to join, please visit: globaldollar.com
About Global Dollar Network
The Global Dollar Network is the world's fastest-growing stablecoin ecosystem with unparalleled economic value-added potential. The network is driven by the Global Dollar (USDG), a USD reserve stablecoin issued by Paxos Digital Singapore and Paxos Issuance Europe. It adopts a transparent and fair economic model to distribute revenue based on the contributions of partners. Currently, partners of the Global Dollar Network include Anchorage Digital, Bullish, Kraken, Mastercard, OKX, Paxos, Robinhood, Worldpay and other industry leaders.
Note: USDG is now available on Solana, Ink, and Ethereum.
About OKX
OKX is a leading global technology company committed to building a more tradable, transparent and interconnected decentralized future, trusted by over 60 million users worldwide. We are known as one of the fastest and most stable digital asset applications in the world, with a cumulative transaction volume of trillions of US dollars.
OKX has key regional offices in many regions around the world, including its Americas headquarters in San Jose, California, its Middle East headquarters in Dubai, as well as New York, Hong Kong, Singapore, Turkey, Australia and Europe.
Over the past few years, OKX has been committed to becoming one of the most compliant and licensed crypto companies, and has obtained regulatory licenses in major markets such as the United States, the UAE, the European Economic Area (EEA), Singapore, and Australia.
We always adhere to the core principles of transparency and security, and continue to publish monthly Proof of Reserves reports. For more information, please visit okx.com or download the OKX App.
About USDG EU issuance
Paxos issues USDG in the EU through Paxos Issuance Europe OY ("PIE").
USDG can be exchanged for US dollars at a 1:1 ratio by Paxos, and all USDG holders in the EU have the right to redeem them at face value from PIE.
For more details please visit: paxos.com/eu and the USDG EU whitepaper can be found at: www.paxos.com/terms-and-conditions/usdg-eu-whitepaper
Source: OKX joins the global dollar network and provides USDG stablecoins to 60 million users worldwide
