USDG/USDT
Where USDG/USDT trades: OKX, Kraken and KuCoin, spot and perpetual futures, with per-venue 24h volume and share. $8.6M in 24h volume.
USDG/USDT trades on 3 exchanges across 4 listings — 1 perpetual futures market and 3 spot books.
OKX runs the deepest of them at $8.4M over 24 hours, 97.0% of the $8.6M total we measure across all 4 of them.
Where USDG/USDT trades
| Exchange | Type | Symbol | 24h volume | Share |
|---|---|---|---|---|
| OKX | Spot |
USDG-USDT
|
$8.4M | 97.0% |
| Kraken | Spot |
USDGUSDT
|
$216.8K | 2.5% |
| KuCoin | Spot |
USDG-USDT
|
$25.8K | 0.3% |
| KuCoin | Perpetual |
USDGUSDTM
|
$15.1K | 0.2% |
Volume is 24h turnover in USD, taken from each exchange's public ticker. A dash means the venue quotes the pair against something other than a USD stablecoin, so we have no honest USD figure for it rather than a converted guess. Updated 2026-08-19 16:29 UTC.
Spot or perpetual
Perpetual futures: KuCoin.
Spot: OKX, Kraken and KuCoin.
Where the liquidity sits
The top 3 venues hold 99.8% of measured USDG/USDT turnover: OKX spot ($8.4M, 97.0%), Kraken spot ($216.8K, 2.5%) and KuCoin spot ($25.8K, 0.3%).
Perpetual futures account for 0.2% of it, spot the rest. Futures turnover is notional, so it is not directly comparable to spot volume — the same dollar of margin moves several dollars of notional.
How we measure this
Volume is 24-hour turnover from each exchange's own public ticker, refreshed on a schedule rather than streamed. We only publish a dollar figure where the pair is quoted against a USD stablecoin, so the number is the venue's own turnover and not a conversion of ours.