InfoFi Trinity "Mouth-Looting" Guide: Kaito, Cookie, and Galxe
Over the past week, the cryptocurrency market has been sluggish, but "mouth-looting" has gained attention as a new way to participate. This article focuses on the three major "mouth-looting" projects: Kaito, Cookie, and Galxe. In the past week, the market has been in a tug-of-war, with the overall cryptocurrency market falling into a slump. Both price performance and community discussion热度 have been as stagnant as a dead pool. However, in this silence, a new way of participation has increasin...
The Quiet End of an Era: How Wallets Lost the Battle for Traffic to CEXs
An era has quietly come to an end. Wallets, as standalone products, seem to have reached their twilight. Struggling with profitability, they are increasingly being acquired or integrated by centralized exchanges (CEXs) or traditional fintech giants, becoming mere components of larger ecosystems—such as stablecoin payments—rather than the focal point of industry development.The Decline of Standalone WalletsFor entrepreneurs in the space, persistence has become a virtue in itself. The goal? Sur...
Impact of SynFutures' Entry into AI Agents
From SynFutures to AI Agents: A New Era for DeFAI The product form of AI Agents is more suited to appear as embedded service middleware, which helps to bring the trading experience back to the simplicity and intuitiveness of Web2. The revival of the AI Agent track will not be driven by "CA engineers" who excel in performance, but by "product engineers" who focus on practical implementation. In the midst of a market sentiment storm caused by the collective failure of on-chain PVP leaders and t...
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InfoFi Trinity "Mouth-Looting" Guide: Kaito, Cookie, and Galxe
Over the past week, the cryptocurrency market has been sluggish, but "mouth-looting" has gained attention as a new way to participate. This article focuses on the three major "mouth-looting" projects: Kaito, Cookie, and Galxe. In the past week, the market has been in a tug-of-war, with the overall cryptocurrency market falling into a slump. Both price performance and community discussion热度 have been as stagnant as a dead pool. However, in this silence, a new way of participation has increasin...
The Quiet End of an Era: How Wallets Lost the Battle for Traffic to CEXs
An era has quietly come to an end. Wallets, as standalone products, seem to have reached their twilight. Struggling with profitability, they are increasingly being acquired or integrated by centralized exchanges (CEXs) or traditional fintech giants, becoming mere components of larger ecosystems—such as stablecoin payments—rather than the focal point of industry development.The Decline of Standalone WalletsFor entrepreneurs in the space, persistence has become a virtue in itself. The goal? Sur...
Impact of SynFutures' Entry into AI Agents
From SynFutures to AI Agents: A New Era for DeFAI The product form of AI Agents is more suited to appear as embedded service middleware, which helps to bring the trading experience back to the simplicity and intuitiveness of Web2. The revival of the AI Agent track will not be driven by "CA engineers" who excel in performance, but by "product engineers" who focus on practical implementation. In the midst of a market sentiment storm caused by the collective failure of on-chain PVP leaders and t...
OKX announced multiple product upgrades at its Alphas Summit, accelerating its CeDeFi strategy and transitioning the centralized exchange into a comprehensive financial services hub.
Enhancing Capital Efficiency
The newly launched Auto Earn feature allows idle assets in user trading accounts to be automatically lent out or staked on-chain, enabling simultaneous trading and yield generation. Supported assets include USDT, USDC, ETH, and SOL.
Concurrently, the VIP Membership Program provides tiered fee discounts, dedicated customer support, and value-added tools for high-frequency and large-volume traders.
---
Strengthening On-Chain Finance布局
The OKX App will soon integrate DEX trading functionality, enabling users to execute on-chain token trades directly using their exchange balances. This will initially support X Layer, Solana, Base, and BNB Chain networks.
OKX Wallet now supports 140+ blockchains, integrating token swaps, cross-chain bridging, and dApp access, while enhancing security through smart accounts. The proprietary X Layer blockchain focuses on DeFi, payments, and RWA scenarios, with future performance upgrades targeting 100,000 TPS.
---
Upgrading Stablecoin Solutions
OKX introduced Stablecoin 2.0, aggregating liquidity for compliant stablecoins through a unified USD order book to reduce trading costs.
OKX Pay enables stablecoin spending, allowing users to pay at global Mastercard merchants via the OKX Card and execute seamless on-chain transfers. This evolution positions stablecoins beyond trading tools into daily payment and financial infrastructure.
These upgrades aim to create an integrated on-chain and off-chain financial loop, signaling a shift in CEX competition from singular trading experiences to comprehensive digital financial services.
---
Summary
Author: Nancy, PANews
ETFs, tokenization, stablecoins, DATs... The crypto world is integrating with traditional finance at an unprecedented pace, opening doors to mainstream markets and clarifying the contours of a new crypto-financial era. Meanwhile, improving infrastructure and rapidly flourishing ecosystems are converging more liquidity on-chain, releasing greater imaginative potential and creating new battlegrounds for capital.
Amid this structural market evolution, the role of CEXs has expanded beyond being mere "crypto gateways." Their competitive logic is shifting from singular trading experiences to comprehensive service ecosystems. The product upgrades announced by OKX at its September 30 Alphas Summit in Singapore not only demonstrate the exchange's exploration of differentiated pathways but also signal that CeDeFi is becoming a central theme of the future.
Notably, OKX CEO Star, as the opening speaker, emphasized insights and strategic布局 regarding crypto payment innovations and future financial applications. He specifically highlighted payments returning to a peer-to-peer model, stablecoins' potential as future payment infrastructure, and OKX Pay's ambition to become a liquidity hub for stablecoins.
Evolving Crypto Cycles Drive CEX Transformation into the Era of Capital Efficiency Competition
As global crypto markets mature, exchange service models are evolving. The industry focus is shifting from pure liquidity provision to capital efficiency. OKX's recent product initiatives reflect this evolution, optimizing user experience in line with market cycles.
Regarding asset yield efficiency, the Auto Earn feature offers a novel approach to capital appreciation. According to OKX Trading Product Lead Thomas Tse, Auto Earn enables users to automatically lend or stake idle assets from their trading accounts without affecting their use as collateral or trading margin, achieving both trading and yield generation. Users can overlay returns onto existing strategies without locking assets, maintaining low risk and high flexibility. Idle assets generate yield continuously; currently supported assets include USDT, USDC, USDG, ETH, and SOL, with APYs adjusting to market fluctuations.
Compared to traditional CEX wealth management products, Auto Earn significantly improves capital utilization. Previously, CEX wealth management typically required manual transfers, locking assets during the term and limiting liquidity, often leading to idle funds or missed opportunities. Meanwhile, DeFi attracted significant user分流 through staking and liquidity mining, but its high barriers and risks deterred many users. OKX's "trading as earning" philosophy bridges this gap, allowing CEX users to enjoy DeFi-like yield farming on a familiar platform with simpler operations and controlled risk. This model optimizes dynamic capital allocation while offering a new choice balancing returns and liquidity.
For high-frequency and large-volume traders, the VIP Program addresses long-standing pain points like high fees, idle funds, and slow customer support. According to VIP Product Lead Bill Chan, the membership-based program offers tiered benefits: higher trading volumes yield lower fees; larger scales and needs unlock more exclusive services and opportunities. VIP members receive dedicated fee discounts, 24/7 priority support, and diversified value-added tools such as BTC Savings (up to 3% APY on idle Bitcoin) and dual-currency enhanced yield products. VIPs are also invited to exclusive events, targeted rewards, and limited merchandise, enhancing user stickiness.
This product also reflects the evolving role of CEXs. Early CEXs primarily served retail users, emphasizing low costs and fast execution. Today, as global regulatory frameworks mature and crypto assets gain acceptance in mainstream finance, institutional investors (e.g., hedge funds, family offices) are accelerating their entry, pushing markets toward greater maturity and professionalism. OKX's VIP services lower barriers for institutional users, representing not just a business strategy but a proactive response to increasing market maturity and regulatory evolution.
In essence, crypto market evolution is reshaping the positioning and functions of CEXs. For OKX, the launch of Auto Earn and the VIP Program epitomizes its strategic upgrade, accelerating its transformation into a financial services hub.
Mining On-Chain Finance: Strategic Bets in the CeDeFi Era
As the lines between CeFi and DeFi blur, CeDeFi is becoming the ideal bridge for traditional financial institutions entering the crypto world and is poised to drive mass adoption of crypto assets. In this trend, exchanges are no longer content with providing basic trading and custody services but are actively expanding their on-chain ecosystems, from seamless on-ramp construction to public chain布局, demonstrating proactive positioning in the future on-chain financial landscape.
OKX's ecosystem strategy clearly reveals its ambitious depth in on-chain finance. At the Alphas Summit, Thomas first disclosed that the OKX App will integrate DEX trading, allowing users to execute on-chain token trades directly using exchange balances (USDT, USDC, or native network tokens) without switching wallets or cross-chain operations. Creating a self-custody wallet takes seconds via Passkey and Face ID, significantly lowering traditional on-chain operation barriers. The new DEX enhances execution speed and price efficiency while integrating token discovery, market intelligence, and portfolio tracking into a one-stop service. Initial coverage includes X Layer, Solana, Base, and BNB Chain, with plans to expand to Ethereum and other chains.
Regarding wallet ecosystems, OKX Wallet addresses issues like single-chain support, fragmented operations, and security risks through a unified portal. According to OKX DEX Aggregator Product Lead Shawn Ma, OKX Wallet now supports 140+ blockchain networks, enabling users to perform token swaps, cross-chain bridging, and dApp access within one platform, covering millions of tokens accessible via mobile or web. It also establishes robust defenses in the crypto "dark forest." The TEE-driven smart account, designed for advanced on-chain transactions, securely encapsulates private keys in a hardware "black box" while enabling rapid execution of complex on-chain operations, including automated strategy execution, take-profit/stop-loss, dollar-cost averaging (DCA), and on-chain copy trading.
The proprietary public chain is the core of an exchange's CeDeFi strategy. In August, OKX announced a strategic upgrade for its X Layer chain, focusing on DeFi, payments, and RWA scenarios. According to X Layer Builder Felix Fan, the chain currently supports 5,000 TPS, with future upgrades targeting 100,000 TPS and negligible transaction costs, eliminating high Gas fee constraints for micro-payments. Fully EVM-compatible, X Layer inherits Ethereum's security and developer ecosystem while deeply integrating with OKX Wallet for end-to-end management of funding, yield, and trading tools. If performance is the entry ticket, X Layer's differentiation lies in its ecosystem布局. Application scenarios span DeFi, yield-bearing stablecoins, instant on-chain payments, high-frequency trading, cross-border transfers, and real-world settlement, aiming to become a hub for trading, circulation, and wealth creation in the new financial era.
OKX's on-chain布局 constructs a replicable blueprint for CeDeFi implementation. This is not merely a defensive strategy but an active bet—aiming to upgrade into a comprehensive crypto ecosystem gateway and unlock more commercial and financial possibilities. Thus, CeDeFi is becoming a key variable in exchange competition and a potential catalyst for the widespread adoption of crypto finance.
From Trading Tool to Financial Infrastructure: Stablecoin Competition Enters the 2.0 Era
"The greatest achievements in the crypto industry over the past 12-13 years are, first, the globalization of Bitcoin, which has become one of the world's most successful digital assets; and second, stablecoins, whose total market cap is approaching $300 billion and is expected to grow rapidly in the next one to two years," Star stated at the launch.
He further elaborated from a historical perspective: throughout human history, payments have inherently been peer-to-peer—from gold and silver coins to paper currency, funds were controlled by individuals. However, in the digital age, money is held by financial institutions; if an institution fails, individuals often rely on limited insurance. Blockchain and stablecoins offer the possibility for payments to return to a "peer-to-peer," low-cost, and efficient model. Especially in cross-border payments, stablecoins could replace current credit card fees of 1% to 3%, becoming future payment infrastructure. Meanwhile, with developments in multi-signature accounts, abstract accounts, and on-chain monitoring tools, stablecoin payments can ensure security and compliance while improving efficiency, potentially accelerating into mainstream life in the coming years.
Indeed, stablecoins have evolved from mere trading instruments into multifunctional financial assets, serving as both the liquidity backbone of crypto finance and emerging as basic financial infrastructure in the real economy. The Stablecoin 2.0 solution launched by OKX at the Alphas Summit attempts to transform stablecoins from static value anchors into dynamic financial assets and everyday currency, pushing crypto assets toward the global financial system.
Long-term challenges for stablecoins include slow transfers, high failure rates, and expensive fees, limiting their real-economic utility. In other words, while stablecoins are the "lifeblood" of crypto finance, they struggle to become "universal currency" in the physical world.
A persistent issue is fragmented liquidity. Stablecoins from different issuers are often siloed in separate markets, reducing efficiency. According to Trading Product Lead Frank Zhang, OKX's unified USD order book aggregates all compliant stablecoins into a single trading market, providing traders with deep liquidity, tight spreads, and smooth trading experiences, akin to trading cash. This design not only offers deeper liquidity and tighter spreads but also lowers entry barriers for new stablecoin issuers, enabling market scalability and unification.
If yield generation and order book restructuring represent upgrades in the financial asset dimension, payment scenarios bring stablecoins closer to the definition of money. According to OKX Pay Product Lead Sam Liu, the OKX Card allows users to spend stablecoins at a 1:1 ratio at all Mastercard merchants globally, launching in Brazil with plans to expand worldwide within 12 months. Users can directly pay for coffee, shopping, or subscriptions with stablecoins. The underlying OKX Pay is a non-custodial on-chain wallet; via X Layer, users can send stablecoins seamlessly without copying addresses or paying extra Gas fees, supporting group transfers, QR code payments, and future Tap to Pay functionality. This experience aims to solve the high fees and operational friction common in traditional crypto payments, making stablecoins viable for daily spending.
This integrated design connecting storage, investment, and consumption means stablecoins are no longer confined to exchange tools but are evolving into a complete financial loop covering on-chain and off-chain scenarios. For OKX, this is not just an extension of its trading ecosystem but a key component of its CeDeFi strategy. More importantly, the competitive logic for stablecoins is shifting—future competition will not be about "who issues more" but "who can implement in more real-world scenarios."
Overall, OKX's current business布局 clearly revolves around a user-centric approach, offering more efficient, convenient, and secure financial experiences from asset yield efficiency and on-chain ecosystem engagement to stablecoin application scenarios. Underlying this is the shifted competitive logic in the second half for CEXs—from single-point trading experiences to comprehensive digital financial services. This represents not only the strategic evolution of CEXs themselves but also an inevitable trend as the entire crypto finance ecosystem moves toward mainstream adoption and maturity.
OKX announced multiple product upgrades at its Alphas Summit, accelerating its CeDeFi strategy and transitioning the centralized exchange into a comprehensive financial services hub.
Enhancing Capital Efficiency
The newly launched Auto Earn feature allows idle assets in user trading accounts to be automatically lent out or staked on-chain, enabling simultaneous trading and yield generation. Supported assets include USDT, USDC, ETH, and SOL.
Concurrently, the VIP Membership Program provides tiered fee discounts, dedicated customer support, and value-added tools for high-frequency and large-volume traders.
---
Strengthening On-Chain Finance布局
The OKX App will soon integrate DEX trading functionality, enabling users to execute on-chain token trades directly using their exchange balances. This will initially support X Layer, Solana, Base, and BNB Chain networks.
OKX Wallet now supports 140+ blockchains, integrating token swaps, cross-chain bridging, and dApp access, while enhancing security through smart accounts. The proprietary X Layer blockchain focuses on DeFi, payments, and RWA scenarios, with future performance upgrades targeting 100,000 TPS.
---
Upgrading Stablecoin Solutions
OKX introduced Stablecoin 2.0, aggregating liquidity for compliant stablecoins through a unified USD order book to reduce trading costs.
OKX Pay enables stablecoin spending, allowing users to pay at global Mastercard merchants via the OKX Card and execute seamless on-chain transfers. This evolution positions stablecoins beyond trading tools into daily payment and financial infrastructure.
These upgrades aim to create an integrated on-chain and off-chain financial loop, signaling a shift in CEX competition from singular trading experiences to comprehensive digital financial services.
---
Summary
Author: Nancy, PANews
ETFs, tokenization, stablecoins, DATs... The crypto world is integrating with traditional finance at an unprecedented pace, opening doors to mainstream markets and clarifying the contours of a new crypto-financial era. Meanwhile, improving infrastructure and rapidly flourishing ecosystems are converging more liquidity on-chain, releasing greater imaginative potential and creating new battlegrounds for capital.
Amid this structural market evolution, the role of CEXs has expanded beyond being mere "crypto gateways." Their competitive logic is shifting from singular trading experiences to comprehensive service ecosystems. The product upgrades announced by OKX at its September 30 Alphas Summit in Singapore not only demonstrate the exchange's exploration of differentiated pathways but also signal that CeDeFi is becoming a central theme of the future.
Notably, OKX CEO Star, as the opening speaker, emphasized insights and strategic布局 regarding crypto payment innovations and future financial applications. He specifically highlighted payments returning to a peer-to-peer model, stablecoins' potential as future payment infrastructure, and OKX Pay's ambition to become a liquidity hub for stablecoins.
Evolving Crypto Cycles Drive CEX Transformation into the Era of Capital Efficiency Competition
As global crypto markets mature, exchange service models are evolving. The industry focus is shifting from pure liquidity provision to capital efficiency. OKX's recent product initiatives reflect this evolution, optimizing user experience in line with market cycles.
Regarding asset yield efficiency, the Auto Earn feature offers a novel approach to capital appreciation. According to OKX Trading Product Lead Thomas Tse, Auto Earn enables users to automatically lend or stake idle assets from their trading accounts without affecting their use as collateral or trading margin, achieving both trading and yield generation. Users can overlay returns onto existing strategies without locking assets, maintaining low risk and high flexibility. Idle assets generate yield continuously; currently supported assets include USDT, USDC, USDG, ETH, and SOL, with APYs adjusting to market fluctuations.
Compared to traditional CEX wealth management products, Auto Earn significantly improves capital utilization. Previously, CEX wealth management typically required manual transfers, locking assets during the term and limiting liquidity, often leading to idle funds or missed opportunities. Meanwhile, DeFi attracted significant user分流 through staking and liquidity mining, but its high barriers and risks deterred many users. OKX's "trading as earning" philosophy bridges this gap, allowing CEX users to enjoy DeFi-like yield farming on a familiar platform with simpler operations and controlled risk. This model optimizes dynamic capital allocation while offering a new choice balancing returns and liquidity.
For high-frequency and large-volume traders, the VIP Program addresses long-standing pain points like high fees, idle funds, and slow customer support. According to VIP Product Lead Bill Chan, the membership-based program offers tiered benefits: higher trading volumes yield lower fees; larger scales and needs unlock more exclusive services and opportunities. VIP members receive dedicated fee discounts, 24/7 priority support, and diversified value-added tools such as BTC Savings (up to 3% APY on idle Bitcoin) and dual-currency enhanced yield products. VIPs are also invited to exclusive events, targeted rewards, and limited merchandise, enhancing user stickiness.
This product also reflects the evolving role of CEXs. Early CEXs primarily served retail users, emphasizing low costs and fast execution. Today, as global regulatory frameworks mature and crypto assets gain acceptance in mainstream finance, institutional investors (e.g., hedge funds, family offices) are accelerating their entry, pushing markets toward greater maturity and professionalism. OKX's VIP services lower barriers for institutional users, representing not just a business strategy but a proactive response to increasing market maturity and regulatory evolution.
In essence, crypto market evolution is reshaping the positioning and functions of CEXs. For OKX, the launch of Auto Earn and the VIP Program epitomizes its strategic upgrade, accelerating its transformation into a financial services hub.
Mining On-Chain Finance: Strategic Bets in the CeDeFi Era
As the lines between CeFi and DeFi blur, CeDeFi is becoming the ideal bridge for traditional financial institutions entering the crypto world and is poised to drive mass adoption of crypto assets. In this trend, exchanges are no longer content with providing basic trading and custody services but are actively expanding their on-chain ecosystems, from seamless on-ramp construction to public chain布局, demonstrating proactive positioning in the future on-chain financial landscape.
OKX's ecosystem strategy clearly reveals its ambitious depth in on-chain finance. At the Alphas Summit, Thomas first disclosed that the OKX App will integrate DEX trading, allowing users to execute on-chain token trades directly using exchange balances (USDT, USDC, or native network tokens) without switching wallets or cross-chain operations. Creating a self-custody wallet takes seconds via Passkey and Face ID, significantly lowering traditional on-chain operation barriers. The new DEX enhances execution speed and price efficiency while integrating token discovery, market intelligence, and portfolio tracking into a one-stop service. Initial coverage includes X Layer, Solana, Base, and BNB Chain, with plans to expand to Ethereum and other chains.
Regarding wallet ecosystems, OKX Wallet addresses issues like single-chain support, fragmented operations, and security risks through a unified portal. According to OKX DEX Aggregator Product Lead Shawn Ma, OKX Wallet now supports 140+ blockchain networks, enabling users to perform token swaps, cross-chain bridging, and dApp access within one platform, covering millions of tokens accessible via mobile or web. It also establishes robust defenses in the crypto "dark forest." The TEE-driven smart account, designed for advanced on-chain transactions, securely encapsulates private keys in a hardware "black box" while enabling rapid execution of complex on-chain operations, including automated strategy execution, take-profit/stop-loss, dollar-cost averaging (DCA), and on-chain copy trading.
The proprietary public chain is the core of an exchange's CeDeFi strategy. In August, OKX announced a strategic upgrade for its X Layer chain, focusing on DeFi, payments, and RWA scenarios. According to X Layer Builder Felix Fan, the chain currently supports 5,000 TPS, with future upgrades targeting 100,000 TPS and negligible transaction costs, eliminating high Gas fee constraints for micro-payments. Fully EVM-compatible, X Layer inherits Ethereum's security and developer ecosystem while deeply integrating with OKX Wallet for end-to-end management of funding, yield, and trading tools. If performance is the entry ticket, X Layer's differentiation lies in its ecosystem布局. Application scenarios span DeFi, yield-bearing stablecoins, instant on-chain payments, high-frequency trading, cross-border transfers, and real-world settlement, aiming to become a hub for trading, circulation, and wealth creation in the new financial era.
OKX's on-chain布局 constructs a replicable blueprint for CeDeFi implementation. This is not merely a defensive strategy but an active bet—aiming to upgrade into a comprehensive crypto ecosystem gateway and unlock more commercial and financial possibilities. Thus, CeDeFi is becoming a key variable in exchange competition and a potential catalyst for the widespread adoption of crypto finance.
From Trading Tool to Financial Infrastructure: Stablecoin Competition Enters the 2.0 Era
"The greatest achievements in the crypto industry over the past 12-13 years are, first, the globalization of Bitcoin, which has become one of the world's most successful digital assets; and second, stablecoins, whose total market cap is approaching $300 billion and is expected to grow rapidly in the next one to two years," Star stated at the launch.
He further elaborated from a historical perspective: throughout human history, payments have inherently been peer-to-peer—from gold and silver coins to paper currency, funds were controlled by individuals. However, in the digital age, money is held by financial institutions; if an institution fails, individuals often rely on limited insurance. Blockchain and stablecoins offer the possibility for payments to return to a "peer-to-peer," low-cost, and efficient model. Especially in cross-border payments, stablecoins could replace current credit card fees of 1% to 3%, becoming future payment infrastructure. Meanwhile, with developments in multi-signature accounts, abstract accounts, and on-chain monitoring tools, stablecoin payments can ensure security and compliance while improving efficiency, potentially accelerating into mainstream life in the coming years.
Indeed, stablecoins have evolved from mere trading instruments into multifunctional financial assets, serving as both the liquidity backbone of crypto finance and emerging as basic financial infrastructure in the real economy. The Stablecoin 2.0 solution launched by OKX at the Alphas Summit attempts to transform stablecoins from static value anchors into dynamic financial assets and everyday currency, pushing crypto assets toward the global financial system.
Long-term challenges for stablecoins include slow transfers, high failure rates, and expensive fees, limiting their real-economic utility. In other words, while stablecoins are the "lifeblood" of crypto finance, they struggle to become "universal currency" in the physical world.
A persistent issue is fragmented liquidity. Stablecoins from different issuers are often siloed in separate markets, reducing efficiency. According to Trading Product Lead Frank Zhang, OKX's unified USD order book aggregates all compliant stablecoins into a single trading market, providing traders with deep liquidity, tight spreads, and smooth trading experiences, akin to trading cash. This design not only offers deeper liquidity and tighter spreads but also lowers entry barriers for new stablecoin issuers, enabling market scalability and unification.
If yield generation and order book restructuring represent upgrades in the financial asset dimension, payment scenarios bring stablecoins closer to the definition of money. According to OKX Pay Product Lead Sam Liu, the OKX Card allows users to spend stablecoins at a 1:1 ratio at all Mastercard merchants globally, launching in Brazil with plans to expand worldwide within 12 months. Users can directly pay for coffee, shopping, or subscriptions with stablecoins. The underlying OKX Pay is a non-custodial on-chain wallet; via X Layer, users can send stablecoins seamlessly without copying addresses or paying extra Gas fees, supporting group transfers, QR code payments, and future Tap to Pay functionality. This experience aims to solve the high fees and operational friction common in traditional crypto payments, making stablecoins viable for daily spending.
This integrated design connecting storage, investment, and consumption means stablecoins are no longer confined to exchange tools but are evolving into a complete financial loop covering on-chain and off-chain scenarios. For OKX, this is not just an extension of its trading ecosystem but a key component of its CeDeFi strategy. More importantly, the competitive logic for stablecoins is shifting—future competition will not be about "who issues more" but "who can implement in more real-world scenarios."
Overall, OKX's current business布局 clearly revolves around a user-centric approach, offering more efficient, convenient, and secure financial experiences from asset yield efficiency and on-chain ecosystem engagement to stablecoin application scenarios. Underlying this is the shifted competitive logic in the second half for CEXs—from single-point trading experiences to comprehensive digital financial services. This represents not only the strategic evolution of CEXs themselves but also an inevitable trend as the entire crypto finance ecosystem moves toward mainstream adoption and maturity.
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