OKX looks to break barriers to stablecoin adoption with OKX Money
What's happening
OKX has launched a standalone app called OKX Money that lets users save, send and spend dollar-backed stablecoins, including features for stablecoin savings, international transfers and payments via virtual or physical card. The rollout includes rewards for holding stablecoins in balances and top-ups in more than 50 (currencies or rails), and aims to open access to underserved communities. Separately, OKX secured strategic investment from Circle, QRT, Ripple and SC Ventures at a $25 billion valuation.
Why it's trending
Combined product launch plus heavyweight strategic investors is pushing stablecoins from trading into everyday payments right now.
SignalNewly emerging, confirmed across 1 independent source type.
Story volume
Stories per dayAngles you could write
If OKX thinks a standalone app will make stablecoins mainstream, it just admitted the crypto exchange model failed, traditional banks and card rails are still king, and OKX Money proves crypto needs a payments wrapper to compete.
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Original sources4
- Circle, Ripple and Standard Chartered invest in OKX
Crypto exchange OKX has secured strategic investment from Circle, QRT, Ripple and SC Ventures at a $25 billion valuation.
FinextraOct 6 - OKX Money takes stablecoins into everyday spending
OKX, the digital asset platform licensed in more than 30 jurisdictions, has launched OKX Money, a standalone app that allows users to save, transfer and spend dollar-backed stablecoins. The app brings together stablecoin savings, international transfers and everyday payments through a virtual or physical card. Users can top up their accounts in more than 50 […] The post OKX Money takes stabl
FinTech GlobalOct 6 - Crypto echange OKX launches standalone app
OKX, a leading global cryptocurrency exchange and onchain technology company with more than 150 million customers worldwide, today announced the launch of OKX Money, a standalone app that lets people save, send and spend digital dollars.
Finextra PaymentsOct 6 - OKX looks to break barriers to stablecoin adoption with OKX Money
The rollout of OKX’s latest service, OKX Money, seeks to offer new and existing users to hold and use stablecoins for payments, while opening access to underserved communities. OKX has launched OKX Money to allow its customers to earn rewards by holding stablecoins in their balances. The standalone service allows users to hold stablecoins, such […]
Payment ExpertOct 6
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