Dear OKX users,
We're excited to announce the upcoming listing of USDG (Global Dollar) on our platform. Below are the detailed timelines and trading rules:
Key Dates and Trading Schedule
- 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 Open: June 11, 2025, 11:00 PM (UTC+8)
Risk Control Measures for Spot Trading
To mitigate volatility risks during the initial trading phase, OKX will enforce the following restrictions for the first 5 minutes:
- Market orders disabled
- Maximum limit order size: $10,000 per transaction
- Maximum user net position: $10,000
These limits will be lifted 5 minutes after trading begins.
Price Limit Rules
Phase 1: Auction-Based Limits
| Stage | Buy Order Max Price | Sell Order Min Price |
|-------|---------------------|----------------------|
| First minute | Auction price × (1 + H) | No limit |
| Minutes 1–N (pre-index) | Previous minute’s closing price × (1 + H) | No limit |
| Post-N minutes | No limit | No limit |
Phase 2: Index-Based Limits
| Stage | Buy Order Max Price | Sell Order Min Price |
|-------|---------------------|----------------------|
| First 10 minutes | Index × (1 + X) | Index × (1 – X) |
| After 10 minutes | Complex dynamic pricing | Complex dynamic pricing |
*Parameters (N, H, X, Y, Z) may adjust without prior notice.
Call Auction Mechanism
USDG/USDT will debut with a 1-hour call auction. Key features:
- Users can place orders at desired prices before live trading
- System calculates a reference opening price from submitted orders
Safety limits:
- Max $50,000 buy orders per user
- Last 5 minutes: Limit orders only (no modifications/cancellations)
The project team’s reference opening price (based on valuation metrics) will be displayed post-auction but won’t affect user order execution.
Project Overview: Global Dollar (USDG)
USDG is a regulated, dollar-pegged stablecoin operating on Ethereum and Solana blockchains.
- Full Name: Global Dollar
- Ticker: USDG
- Contract Address: 2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH
- Price Page: 👉 View USDG live price
Deposit USDT Now
Prepare for USDG/USDT trading by depositing USDT today!
The OKX Team
June 9, 2025
FAQs
Q1: When does USDG spot trading start?
A1: Trading begins June 11, 2025, at 9:00 PM UTC+8 after a 1-hour call auction.
Q2: What are the initial trading restrictions?
A2: For the first 5 minutes: no market orders, $10,000 max per limit order/user position.
Q3: How is the opening price determined?
A3: The auction mechanism calculates a reference price, while the project team provides a separate valuation-based reference.
Q4: Where can I check USDG’s contract details?
A4: The Ethereum/Solana contract address is provided in the Project Overview section.
👉 Explore more about stablecoin trading
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