USDG Listing Schedule on OKX
OKX is excited to announce the listing of USDG (Global Dollar) with the following timeline:
- USDG Call Auction Period: June 11, 2025, 8:00 PM - 9:00 PM (UTC+8)
- USDG/USDT Spot Trading Launch: June 11, 2025, 9:00 PM (UTC+8)
- USDG Withdrawal Activation: June 11, 2025, 11:00 PM (UTC+8)
Spot Trading Risk Control Rules
Order Restrictions (First 5 Minutes)
To protect investors from volatility during new listings, OKX implements:
- ❌ No market orders allowed
- ⏳ $10,000 maximum per limit order
- 🧑🤝🧑 $10,000 max net position per user
👉 See real-time trading restrictions
Price Limit Rules
Two mechanisms activate based on market conditions:
1. Closing-Price Based Limits
| Phase | Buy Order Cap | Sell Order Floor |
|---|---|---|
| First minute | Last auction price × (1+H) | No restriction |
| Minutes 1-N (pre-index) | Previous close × (1+H) | No restriction |
| Post-N minutes | No restriction | No restriction |
2. Index-Based Limits
| Phase | Buy Order Cap | Sell Order Floor |
|---|---|---|
| First 10 minutes | Index × (1+X) | Index × (1-X) |
| After 10 minutes | Complex dynamic formula | Inverse dynamic formula |
Note: Parameters (N,H,X,Y,Z) may adjust without notice.
Call Auction Mechanics
- ⏱ 1-hour auction window
- 🔒 $50,000 max buy per user
- 🚫 Last 5 minutes: Limit orders only (no modifications)
👉 Learn OKX's auction best practices
About Global Dollar (USDG)
USDG is a regulated dollar-backed stablecoin operating on:
- Ethereum blockchain
- Solana blockchain
Key features:
- 1:1 USD redeemable
- Liquid reserve-backed
- Multi-exchange compatibility
FAQ Section
Why does OKX restrict orders initially?
Initial restrictions prevent price manipulation during volatile new listings while maintaining fair market conditions.
How is the opening price determined?
The reference price comes from the auction mechanism, while the starting trade price uses the project's suggested valuation.
Can I cancel orders during auction?
Only during the first 55 minutes. The final 5 minutes lock all submissions.
What chains support USDG?
Currently Ethereum and Solana, with potential future expansions.
Where can I store USDG?
Most major wallets supporting ERC-20 or SPL tokens will accommodate USDG.
OKX remains committed to delivering exceptional products and services for all traders worldwide.