USDG Market Cap Surges 1067% to $3.5B, with $1.95B on OKX X Layer

USDG market cap expanded from $300M to $3.5B in one year, driven by OKX X Layer integration for interest and payments, reaching sixth-largest stablecoin status without heavy subsidies.

Woofun AI data shows that USDG market capitalization increased from $300 million to $3.5 billion over a twelve-month period. Of this total, $1.95 billion is deployed on OKX's X Layer. The asset leverages practical applications including stablecoin interest generation, Boost functions, and payment processing to achieve scale. This growth trajectory positions USDG as the sixth largest stablecoin by volume, characterized by steady expansion rather than short-term subsidy-driven spikes. The accumulation reflects sustained user activity within OKX Wallet despite broader market sluggishness.