Crypto exchange OKX launched an account abstraction feature — called "Smart Account" — for its homegrown decentralized wallet, OKX Wallet.

Account abstraction, in theory, is the concealment of more-technical details of on-chain interactions in favor of accessibility and user-friendliness. In OKX Wallet's case, it aims to combine users' smart contracts and externally owned accounts into a unified Smart Account.

The account abstraction feature, specifically, lets users pay for transactions on a variety of blockchains using stablecoins USD Coin (USDC) or USDT.

The Seychelles-based crypto exchange claims it will soon launch additional account-abstraction features — such as social recovery, which lets users dedicate "guardians" from their social network to help them recover their Smart …