Cryptocurrency platform OKX has lowered the APY that stablecoin USDG earns effective 3/2. Previously the rate was a flat 5%, it’s now:
- Retail users: 3.5%
- VIP users: 4.1%
Many readers will have funds with USDG due to the 5% match deal and other promotions. As I said in that post I didn’t see how the generous rates were sustainable long term so this drop isn’t a huge surprise.
