Cryptocurrency trade OKX has introduced that it is going to be itemizing a brand new USD-backed stablecoin, the International Greenback (USDG).
OKX Pronounces International Greenback (USDG) Itemizing: Transaction and Switch Schedule Revealed
In accordance with the official assertion made by the platform, the beginning of buying and selling of USDG on the trade and switch transactions will happen in keeping with the next schedule:
USDG Itemizing Schedule:
- USDG deposits: June 4, 2025, 14:00
- USDG/USDT pair mixture worth dedication (pre-opening session): June 5, 2025, 20:00–21:00
- Begin of spot transactions: June 5, 2025, 21:00
- Opening of withdrawal transactions: June 5, 2025, 23:00
Danger Controls for Spot Transactions
As a way to forestall excessive worth fluctuations in new token listings, OKX will implement the next measures through the first 5 minutes:
- Market orders can be prohibited.
- Most transaction restrict for restrict orders: 10,000 USD.
- Web place restrict per person: $10,000.
These restrictions can be lifted 5 minutes after the transaction begins.
As well as, the restrict worth mechanism to be utilized in spot transactions can be activated with totally different algorithms till the value stability of the brand new token is achieved. Both the previous closing worth or an index can be used as the value reference.
USDG/USDT Bulk Order Matching (Opening Session)
The USDG/USDT pair can be out there for buying and selling with a one-hour “mass order matching” (name public sale) mechanism. Throughout this course of, buyers will be capable to place orders on the costs they need; the system will then consider all orders and decide a reference opening worth.
- Single person buy restrict: 50,000 USD
- Solely restrict orders might be positioned within the final 5 minutes; cancellations or adjustments can’t be made.
After the mass worth dedication, the opening worth offered by the token’s growth crew can be introduced to buyers for informational functions. Nonetheless, this worth won’t have an effect on person orders.
What’s USDG?
International Greenback (USDG) is a dollar-backed stablecoin out there on the Ethereum and Solana networks. Issued by regulated entities, USDG is backed by extremely liquid protected property and is convertible 1:1 to USD. USDG might be traded on varied exchanges and digital wallets.
*This isn’t funding recommendation.
