KEY TAKEAWAYS
- OKX will list the Global Dollar (USDG) stablecoin on its spot trading markets starting June 11, 2025.
- Initial trading will include a call auction and specific risk control measures to manage market volatility.
- USDG is a stablecoin backed by the US dollar, available on Ethereum and Solana blockchains.
OKX has announced the upcoming listing of the Global Dollar (USDG) stablecoin on its spot trading markets. The listing is set to commence on June 11, 2025, with a structured timeline for trading activities.
Listing Timeline and Trading Details
The USDG call auction will take place from 12:00 pm to 1:00 pm UTC on June 11, 2025. Following this, USDG/USDT spot trading will open at 1:00 pm UTC. Withdrawals for USDG will be available starting at 3:00 pm UTC on the same day.
To manage market volatility during the initial phase of trading, OKX has implemented specific risk control measures. For the first five minutes after spot trading begins, market orders will be restricted, and the maximum amount per limit order will be capped at $10,000. Additionally, the maximum net position per user is limited to $10,000. These restrictions will be lifted after the initial five-minute period.
Price Limit Rules and Call Auction Mechanism
OKX has outlined price limit rules to ensure stability during the listing of USDG. In the absence of a stable index price, closing price-based limit rules will be applied. Once a stable index price is available, index-based limit rules will be adopted. The platform may adjust parameters such as N, H, X, Y, and Z or switch limit price calculation methods based on market conditions without prior notice.
The call auction mechanism will be employed for the spot listing of USDG/USDT. This mechanism allows users to submit buy and sell orders at desired prices before the trading pair officially begins trading. The call auction period will last for one hour, and during the last five minutes, users can place orders but cannot cancel or modify them.
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 backed by secure and liquid assets and is always redeemable 1-to-1 for the US dollar. It is accessible across various global exchanges and wallets.
For more details on the listing and trading of USDG, visit the official announcement here.
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