Ripple and Circle Back OKX at $25 Billion as Its Stablecoin Push Accelerates

By Isaac • October 6, 2026 7:29 pm •

OKX has brought some of the biggest names in stablecoins and institutional finance directly onto its cap table.

OKX announced that Circle, Ripple, Qube Research & Technologies and SC Ventures, the venture arm of Standard Chartered, joined a strategic investment round valuing the exchange at $25 billion before the new capital.

The amount invested was not disclosed. The more important signal is who wrote the checks.

Circle brings USDC, Ripple brings payments and RLUSD infrastructure, QRT brings institutional liquidity, and Standard Chartered already works with OKX on custody for tokenized assets.

OKX founder Star Xu said the exchange did not raise because it was short of capital. His pitch is that these partners can help turn