OKX Bitcoin Exchange Announces It Will List a New Stablecoin! Here Are the Details

Crypto exchange OKX announced that it will list the new USD supported stablecoin Global Dollar (USDG).

OKX Announces Global Dollar (USDG) Listing: Trading and Transfer Schedule Revealed

According to the official statement made by the platform, the listing of USDG on the exchange and transfer operations will take place according to the following schedule:

USDG Listing Schedule:

• USDG deposit transactions: June 4, 2025, 14:00
• Collective price determination for the USDG/USDT pair (pre-opening session): June 5, 2025, 8:00 PM–9:00 PM
• Start of spot transactions: June 5, 2025, at 21:00
• Opening of withdrawal transactions: June 5, 2025, 23:00

Risk Controls for Spot Transactions

To prevent excessive price fluctuations in new token listings, OKX will implement the following measures during the first 5 minutes:

• Market orders will be banned.
• Maximum transaction limit on limit orders: 10,000 USD.
• Net position limit per user: 10,000 USD.

These restrictions will be lifted 5 minutes after the transaction begins.

Additionally, the limit price mechanism to be applied in spot transactions will be implemented with different algorithms until the price stability of the new token is achieved. As a price reference, either the past closing price or an index will be used.

Bulk Order Matching on the USDG/USDT Pair (Opening Session)

The USDG/USDT pair will be opened for trading through an hourly "call auction" mechanism with a "bulk order matching" (. In this process, investors will be able to place orders at their desired prices; the system will then evaluate all orders and determine a reference opening price.

• Single user purchase limit: 50,000 USD
• Only limit orders can be placed in the last 5 minutes; cancellations or modifications are not allowed.

Following the collective price setting, the opening price provided by the token's developer team will be available to investors for informational purposes. However, this price will not affect user orders.

What is USDG?

Global Dollar )USDG( is a dollar-backed stablecoin that can be used on the Ethereum and Solana networks. USDG, issued by regulated institutions, is backed by secure assets with high liquidity and can be exchanged for USD at a 1:1 ratio. USDG can be traded on various exchanges and digital wallets.

*This is not investment advice.

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