USDG rewards program FAQ
1. What’s USDG?
Global Dollar (USDG) is a single-currency stablecoin (SCS) pegged 1:1 to the US dollar. It’s issued by Paxos Digital Singapore Pte. Ltd. (PDS) and designed to comply with the Monetary Authority of Singapore (MAS) stablecoin regulatory framework.
2. How do USDG rewards work?
With USDG rewards, you can earn up to 4.1% APY simply by holding USDG in your OKX Wallet. Your funds remain fully accessible — you can redeem or move them anytime without penalties.
Rewards are designed to help users grow their digital dollar holdings passively and securely.
Note: We reserve the right to adjust the advertised APY at any time with reasonable notice.
3. Is it backed by US dollars?
Yes. Each USDG token is backed by high-quality reserves, such as U.S. Treasury Bills, to help maintain its peg near 1 USD. These reserves are verified monthly by independent auditor Enrome LLP, and the reports are publicly available here.
While USDG is structured to maintain price stability, please note that all stablecoins carry inherent market and depegging risks.
4. Where do rewards come from?
USDG rewards are fully funded by us. Your funds always remain in your control — we don’t use or lend your assets without your consent.
5. How do I earn the rewards?
Buy, swap, or transfer USDG into your OKX Wallet
Hold USDG on X Layer
Activate the rewards campaign via the event banner on the home page
Connect your wallet to your Exchange account — once linked, you’ll automatically start earning up to 4.1% APY by simply holding USDG. Find out more about connecting your wallet here.
Note:
You can only join this campaign using the OKX app, but not the OKX Web3 website or the OKX Wallet standalone app.
Please update your app to version 6.141.1 or later to participate in this program.
6. Am I eligible to join the campaign?
To participate in the USDG rewards campaign, you must:
Complete identity verification,
Connect your wallet to your Exchange account, and
Be located in a region eligible for the campaign.
Remaining connected ensures continuous reward accrual.
7. Which network are the rewards eligible for?
Rewards are currently available only for USDG held on X Layer.
8. How are my rewards calculated?
Rewards are calculated based on your eligible USDG balance in each hourly snapshot. Once activated, USDG rewards accrue automatically and become claimable every week.
9. Can I freely use my funds?
Yes. You can move, trade, or withdraw your USDG anytime — there’s no lock-up or restriction on your funds.
10. When will I receive my rewards?
Rewards are distributed weekly and can be claimed directly from your USDG token page in your wallet.
11. Is there a minimum holding requirement?
You’ll need to hold at least 1 USDG to start earning rewards. The more USDG you hold, the greater your total rewards.
If you want to learn more on how you can earn USDG, visit here.