Cryptocurrency Exchange OKX has announced that it will list the new USD-backed Stablecoin, The Global Dollar (USDG).
OKX announces Global Dollar (USDG) list: Transactions and Transfer Schedules revealed
According to an official statement by the platform, the commencement of USDG trading in exchanges and transfer transactions will take place according to the following schedule:
USDG List Schedule:
- USDG deposit: June 4, 2025, 14:00
- USDG/USDT pair aggregate price determination (pre-opening session): June 5, 2025, 20:00–21:00
- Spot transaction begins: June 5, 2025, 9:00pm
- Opening of withdrawal transactions: June 5, 2025, 23:00
Spot transaction risk control
To prevent extreme price fluctuations in the new token list, OKX implements the following measurements in the first 5 minutes:
- Market orders are prohibited.
- Limited Maximum transaction limit for orders: 10,000 USD.
- Net position limit per user: $10,000.
These restrictions are lifted five minutes after the transaction begins.
Furthermore, the restriction price mechanism applied to spot transactions is active with different algorithms until price stability for the new token is achieved. Either a past closing price or an index is used as a price reference.
USDG/USDT Bulk Order Matching (Opening Session)
USDG/USDT pairs can be traded using a one-hour “mass order matching” (call auction) mechanism. During this process, investors can order at the price they want. The system then evaluates all orders and determines the reference aperture price.
- Single User Purchase Limit: 50,000 USD
- Only limit orders can be placed in the last 5 minutes. Cancellations and changes are not possible.
After a large amount of pricing, the open price offered by the token development team is presented to investors for informational purposes. However, this price does not affect user orders.
What is USDG?
Global Dollar (USDG) is a dollar-backed Stablecoin available on the Ethereum and Solana networks. USDG issued by a regulated entity is supported by highly fluid, secure assets and can be converted from 1:1 to USD. USDG can be traded in a variety of exchanges and digital wallets.
*This is not investment advice.
