Odaily Planet Daily reported that at the OKX Alphas Summit's "The New Money Era" event, OKX CEO Star, CMO Haider Rafique, and OKX SG CEO Gracie Lin participated in a roundtable discussion on "OKX Pay." During the discussion, Star discussed why on-chain payments are a significant future trend. He stated that OKX Pay will initially launch services in Singapore, with approximately 80% of merchants in the country supporting PayNow QR code payments. Users can also enjoy 3% to 4% cashback. Furthermore, OKX will launch a debit card jointly issued with partners, supporting consumer payments in Singapore and globally. OKX plans to quickly expand this service to markets such as Brazil, Europe, and the United States. Star emphasized that users will not only be able to freely pay for items while traveling globally through OKX Pay and wallets, but will also enjoy higher APYs and better transaction rebates than most banks.

Star stated that the vision for OKX's on-chain payments is to allow users to convert their funds into stablecoins and store them on OKX Pay, where they will automatically generate returns with virtually no user intervention. Currently, OKX supports several stablecoins, with plans to gradually expand this offering. To this end, OKX has launched a stablecoin strategy, striving to become a liquidity hub for all stablecoins. Users can trade and pay using USDG, USDC, and the soon-to-be-launched PYUSD on the OKX app, integrating on-chain stablecoin payments and returns.