Summary
- The global crypto exchange OKX announced that it has joined the 'Global Dollar Network', a consortium centered around Paxos's USDG stablecoin.
- The 'Global Dollar Network' aims to establish a stable digital payment and settlement infrastructure.
- Paxos stated that OKX's participation will play an important role in expanding USDG's circulation and utilization and strengthening stablecoin-based services for global users.
According to Cointelegraph, a virtual asset (cryptocurrency) specialty media, on the 14th (local time), the global crypto exchange OKX announced that it has joined the 'Global Dollar Network', a USDG stablecoin consortium led by Paxos.
The 'Global Dollar Network' is a cooperative group formed to establish a stable digital payment and settlement infrastructure centered around USDG stablecoin issued by Paxos. Through OKX's participation, the network has gained greater potential for an expanded ecosystem.
Paxos stated, "OKX's participation will contribute to the expansion of USDG circulation and usage, and play an important role in providing more stable stablecoin-based services to users around the world."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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