KEY TAKEAWAYS
- OKX will list USDG (Global Dollar) on its spot trading markets, with trading set to begin on June 5, 2025.
- To manage initial market volatility, OKX will implement risk control measures, including a $10,000 cap on limit orders and net positions per user.
- The USDG/USDT listing will use a call auction mechanism, allowing users to place orders before trading officially starts.
- Global Dollar (USDG) is a stablecoin backed by the US dollar, available on Ethereum and Solana blockchains.
OKX has announced the listing of USDG (Global Dollar) on its spot trading markets. The listing will follow a detailed timeline, starting with the opening of USDG deposits at 6:00 am UTC on June 4, 2025. A call auction will occur from 12:00 pm to 1:00 pm UTC on June 5, 2025, with USDG/USDT spot trading commencing at 1:00 pm UTC the same day. Withdrawals for USDG will be available from 3:00 pm UTC on June 5, 2025. More details can be found here.
To manage market volatility during the initial phase of trading, OKX will implement specific risk control measures. For the first five minutes after trading begins, market orders will not be allowed. The maximum amount per limit order and the maximum net position per user will be capped at $10,000. These restrictions will be lifted after the initial five-minute period.
OKX will also apply price limit rules based on closing prices until a stable index price is available. The platform will transition to index-based limit rules once a stable index price is established. These measures are designed to ensure a stable trading environment for all participants.
Call Auction Mechanism
The listing of USDG/USDT will utilize a call auction mechanism. This process allows users to submit buy and sell orders at desired prices before the official start of trading. The call auction will last for one hour, and during this period, the total value of each user’s buy orders must not exceed $50,000. In the final five minutes of the auction, users can place orders but will not be able to cancel or modify them.
Following the call auction, OKX will display the project team’s opening price as the initial price on the trading chart. This price is provided by the token project team and is intended for informational purposes only.
About Global Dollar (USDG)
Global Dollar (USDG) is a stablecoin backed by the US dollar, available on the Ethereum and Solana blockchains. Issued by a regulated provider, USDG is supported by secure and liquid assets and is redeemable 1-to-1 for the US dollar. It is accessible across various global exchanges and wallets, offering a stable digital currency option for users.
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