OKX's Stablecoin Revolution: USDG, Unified Trading & 4.1% Yield

In this episode of Stableminded, we sit down with Jason Lau, Chief Innovation Officer at OKX, who brings nearly a decade of perspective on how stablecoins have transformed from trading instruments to genuine payment rails. With OKX serving 70+ million users across 100+ countries, Jason reveals why they joined the Global Dollar Network and launched their groundbreaking unified US dollar order book where USDC and USDG trade as fungible dollars—completely fee-free.

Jason shares his journey from skeptical Barclays trader hearing about Bitcoin as a "joke"in 2011 to leading innovation at one of the world's largest crypto exchanges. In 2016, he pioneered OK Link and OK Dollar, an early synthetic stablecoin for cross-border payments that signed up 200+ financial institutions before being wound down. That early experience taught him that timing matters, but the demand for instant global value transfer never went away.

We dive into:
- OKX's unified dollar order book: Making USDG and USDC completely fungible for trading
- Why the Global Dollar Network's consortium model sealed the deal (DBS Bank was already there)
- The shift from stablecoins as trading hedges to becoming the first entry point for new users
- Building infrastructure across 100+ blockchain networks through their self-custodial wallet
- How Brazilian users are using stablecoins purely for dollar access—no crypto trading needed
- The massive product lift required to enable fungible stablecoin trading
What's coming next: OKX Pay initiatives for stablecoin payments

"Back then it was like I come in to buy Bitcoin because I want access to crypto. Now it's like, well, I want to come in first to get access to stablecoins because that's the first place to be. You're in crypto land, but you may not be familiar with the price volatility."

Follow OKX on X: OKX
Follow Jason Lau on X: jasonklau
Learn more: okx.com

Season five of Stableminded is powered by Global Dollar Network, the fastest growing stablecoin network in the world. Anchorage Digital, Kraken, Paxos, OKX, Robinhood, WorldPay, Bullish and many others are earning real revenue from stablecoin activity.

Visit globaldollar.com/network to learn more.

*The content of this podcast is for informational purposes only and does not constitute financial, investment or legal advice