On April 28, OKX CEO Star announced through its official website that the first version of OKX Pay was officially launched, which will be embedded in the OKX App and open to some markets. OKX Pay adopts a private key fragmentation management method, which divides the private key into two, half of which is stored in the user's Passkey, and the other half is stored by OKX. OKX Pay will focus on stablecoin payments, support USDT and USDC in the first phase, and will gradually connect to more stablecoins in the future. In addition, it simultaneously launches a new feature "passive income", which will automatically earn income on user deposits.