OKX launches stablecoin savings and payments app

Crypto exchange OKX has launched OKX Money, a stablecoin savings and payments app, in parts of Latin America, Africa, South Asia and the Middle East, and will offer up to 10% annual percentage yield, or APY, on USDG balances for eligible users, Cointelegraph reported. OKX said yields and eligibility terms vary by region and user, and did not disclose the initial launch countries. Earlier, OKXICE, a joint venture between OKX and New York Stock Exchange parent ICE, submitted an application to the U.S. SEC to launch a tokenized securities exchange.