OKX launches OKUSD, a yield-bearing token pegged 1:1 to USDT

The platform-native token offers zero-fee subscriptions, instant settlement and no lock-up, and is currently available only to OKX VIP users.

USDT

Summary

OKX has introduced OKUSD, a platform-native token pegged 1:1 to USDT. The product offers zero-fee subscriptions, instant settlement and no lock-up period, while holders automatically earn daily yield with no stated cap. OKUSD can also be used as yield-bearing collateral in flexible crypto loans, VIP loans and as margin in trading accounts, allowing users to trade while continuing to earn returns. The token is currently open only to OKX VIP users.

Terms & Concepts
  • yield-bearing collateral: Collateral that continues generating returns
  • margin: Assets pledged to support leveraged trading
  • lock-up period: Time during which funds cannot be withdrawn