OKX collaborates with Worldpay, Kraken, Anchorage Digital, Paxos, Robinhood, and more than 30 other top institutions to join the Global Dollar Network

The Global Dollar Network announced in New York on July 14, 2025, that the world's leading cryptocurrency platform OKX has officially joined the network as a core partner. Previously, the Global Dollar Network had announced Mastercard and Worldpay joining, and now the network's partner count has grown to over 30. As one of the world's largest and most influential cryptocurrency platforms, OKX has integrated the USD-pegged stablecoin Global Dollar (USDG) and serves 60 million users in 180 countries globally, driving ecosystem globalization. Currently, OKX users can easily use the USDG stablecoin, enjoying zero-cost conversion to the US dollar at a 1:1 ratio, with more features and integrations set to go live.

The integration of OKX and USDG reflects both parties' commitment to driving global financial inclusivity through centralized and decentralized infrastructure. With the Global Dollar Network announcing that USDG has gone live in the European Union and is compliant with the MiCA regulatory framework, OKX also offers USDG support to EU users. This partnership further advances OKX's mission: to achieve seamless cross-border payments, provide trusted stablecoin infrastructure, and expand the use of DeFi tools.

Walter Hessert, Chief Strategy Officer of Paxos, and Head of Strategy at the 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 dedicated to promoting the widespread use of secure and trusted stablecoins, enabling all users to access a transparent, 24/7 financial ecosystem anytime, anywhere, and promoting institutional participation through a clear regulatory framework. We are delighted to welcome OKX to the Global Dollar Network."

Jeff Ren, Founder of OKX Ventures, said, "Joining the Global Dollar Network is a natural step forward for us to expand users' financial choices and achieve financial freedom. At a time when stablecoin applications are accelerating, we are honored to walk alongside industry leaders. USDG provides users with a trusted, fully-reserved global digital dollar, making daily payments, seamless transactions, or DeFi participation easy to achieve. We look forward to expanding the integration of USDG in the OKX ecosystem in the near future, exploring more real-world applications, and further driving global adoption."

As the core stablecoin of the Global Dollar Network, USDG has landed on the Solana, Ink, and Ethereum blockchains, leveraging unparalleled stability. The stablecoin is issued by Paxos Digital Singapore, a licensed major payment institution regulated by the Monetary Authority of Singapore (MAS), and is compliantly issued by Paxos Issuance Europe, supervised by the Financial Supervisory Authority of Finland (FIN-FSA) under the Markets in Crypto-assets Regulation (MiCA).

Unlike the traditional stablecoin model, the Global Dollar Network adopts a unique economic framework that distributes network revenue based on contributions from all parties. This mechanism not only promotes win-win collaboration but also incentivizes widespread adoption.

To learn more about the Global Dollar Network or how to join, please visit Global Dollar's official website.

About the Global Dollar Network:

The Global Dollar Network is the world's fastest-growing stablecoin ecosystem network with unparalleled economic value-added potential. The network is powered by the USD-backed stablecoin Global Dollar (USDG) issued by Paxos Digital Singapore and Paxos Issuance Europe, utilizing a transparent and fair economic model that distributes revenue based on partners' contributions. The Global Dollar Network's current partners include industry-leading enterprises such as Anchorage Digital, Bullish, Kraken, Mastercard, OKX, Paxos, Robinhood, Worldpay, and more.

About OKX:

OKX is a globally leading technology company committed to building a more tradable, transparent, and interconnected decentralized future, earning the trust of over 60 million users worldwide. We are known for being one of the world's fastest and most stable digital asset platforms, having processed trillions of dollars in cumulative trading volume. With key regional offices in various global locations including the Americas headquarters in San Jose, California, Middle East headquarters in Dubai, as well as offices in New York, Hong Kong, Singapore, Turkey, Australia, and Europe, OKX has been dedicated over the past few years to becoming one of the most compliant and licensed cryptosecurities globally, having obtained regulatory licenses in major markets such as the United States, the UAE, the European Economic Area (EEA), Singapore, and Australia. We adhere to core principles of transparency and security and consistently release monthly Proof of Reserves reports.

About USDG EU Issuance:

Paxos issues USDG in the EU region through Paxos Issuance Europe OY (referred to as "PIE"). USDG can be redeemed by Paxos on a 1:1 basis for USD, and all USDG holders in the EU region have the right to redeem at face value through PIE. For more detailed information, please visit Paxos' official website, USDG EU Whitepaper

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