Cryptocurrency exchange OKX has announced that it will be listing a new USD-backed stablecoin, the Global Dollar (USDG).
OKX Announces Global Dollar (USDG) Listing: Transaction and Transfer Schedule Revealed
According to the official statement made by the platform, the start of trading of USDG on the exchange and transfer transactions will take place according to the following schedule:
USDG Listing Schedule:
- USDG deposits: June 4, 2025, 14:00
- USDG/USDT pair aggregate price determination (pre-opening session): June 5, 2025, 20:00–21:00
- Start of spot transactions: June 5, 2025, 21:00
- Opening of withdrawal transactions: June 5, 2025, 23:00
Risk Controls for Spot Transactions
In order to prevent extreme price fluctuations in new token listings, OKX will implement the following measures during the first 5 minutes:
- Market orders will be prohibited.
- Maximum transaction limit for limit orders: 10,000 USD.
- Net position limit per user: $10,000.
These restrictions will be lifted 5 minutes after the transaction starts.
In addition, the limit price mechanism to be applied in spot transactions will be activated with different algorithms until the price stability of the new token is achieved. Either the past closing price or an index will be used as the price reference.
USDG/USDT Bulk Order Matching (Opening Session)
The USDG/USDT pair will be available for trading with a one-hour “mass order matching” (call auction) mechanism. During this process, investors will be able to place orders at the prices they want; 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 changes cannot be made.
After the mass price determination, the opening price provided by the token’s development team will be presented to investors for informational purposes. However, this price will not affect user orders.
What is USDG?
Global Dollar (USDG) is a dollar-backed stablecoin available on the Ethereum and Solana networks. Issued by regulated entities, USDG is backed by highly liquid safe assets and is convertible 1:1 to USD. USDG can be traded on various exchanges and digital wallets.
*This is not investment advice.
