OKX Launches Crypto App for Savings, Spending

VERA Brief

AI-generated. Grounded in the article and its cited sources.

OKX has launched OKX Money, a new application allowing users to convert local currencies into stablecoins, earn yield, and spend funds via payment cards. This product aims to integrate savings, earning, and spending functions for cryptocurrency users.

Key facts

• OKX has launched a new financial product called OKX Money.
• The application allows users to convert over 50 local currencies into stablecoins.
• Users can earn up to 10% yield on eligible USDG balances.
• The service includes virtual and physical payment cards for spending stablecoins.
• The product aims to consolidate multiple financial functions within a single application.