OKX is excited to announce the listing of USDG (Global Dollar) on our spot trading platform. Below are the key details for traders:
USDG Listing Timeline
- Deposit Open: 12:00 PM – 1:00 PM UTC on June 11, 2025
- Spot Trading Start: 1:00 PM UTC on June 11, 2025 (USDG/USDT pair)
- Withdrawal Open: 3:00 PM UTC on June 11, 2025
Initial Trading Restrictions
To mitigate volatility risks during the new listing, OKX implements the following safeguards for the first 5 minutes:
- Order Types: Market orders disabled; limit orders only.
- Order Size: Maximum $10,000 per limit order.
- Position Limit: $10,000 net position per user.
Restrictions auto-lift after 5 minutes.
Price Limit Rules
Phase 1: Closing Price-Based Limits
Applies before stable index price is established:
| Timeframe | Max Bid Price Formula | Min Ask Price |
|---|---|---|
| First minute | Call auction price × (1 + H) | No limit |
| Minutes 1–N | Previous close × (1 + H) | No limit |
| After N minutes | No limit | No limit |
Phase 2: Index-Based Limits
Activates once index price stabilizes:
| Timeframe | Max Bid Price Formula | Min Ask Price Formula |
|---|---|---|
| First 10 minutes | Index × (1 + X) | Index × (1 – X) |
| After 10 minutes | Min[Max(Index, Index(1 + Y) + 2-min avg premium)] | Max[Min(Index, Index(1 – Y) + 2-min avg premium)] |
Note: Parameters (N, H, X, Y, Z) may adjust without notice. 👉 View real-time rules.
Call Auction Mechanism
USDG/USDT listing will begin with a 1-hour call auction:
- Users submit buy/sell orders at desired prices.
- System calculates indicative opening price from submissions.
Rules:
- Max $50,000 total buy orders per user during auction.
- Last 5 minutes: Orders can be placed but not modified/canceled.
Post-auction, the chart displays the project team’s suggested opening price (informational only; does not affect execution prices).
Global Dollar (USDG) Overview
USDG is a USD-backed stablecoin on Ethereum and Solana, issued by a regulated provider.
Key Details:
- Ticker: USDG
- Contract:
2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH - Backing: 1:1 redeemable for USD via liquid reserves.
👉 Deposit USDT now to prepare for trading.
Risk Disclaimer
Digital assets are speculative and volatile. Conduct independent research and assess risk tolerance before trading. OKX does not guarantee accuracy of third-party data.
For assistance, contact OKX via official support channels.
OKX Team
June 9, 2025
FAQ
When can I start trading USDG/USDT?
Spot trading begins at 1:00 PM UTC on June 11, 2025.
What are the initial trading limits?
For 5 minutes post-launch:
- Only limit orders ($10,000 max/order).
- $10,000 max net position per user.
How is the opening price determined?
Via call auction submissions. Project team’s suggested price is displayed post-auction but doesn’t influence execution.
Is USDG fully backed?
Yes, each USDG is redeemable 1:1 for USD and backed by liquid reserves.