The real-world asset platform tx has launched the US dollar stablecoin USTX for its wallet and tokenized stock market. Users can use USDC from 8 blockchains to mint USTX and exchange it back for USDC, supported by networks including Ethereum, Solana, and Base. Brale, a fintech platform, is responsible for issuing USTX, managing reserve assets, and executing casting and redemption. Ashley Ebersole, co-founder and chief legal officer of tx, said that USTX adopts an independent 1:1 reserve structure through Brale. Each USTX is supported by assets of $1. The reserves include cash, bank deposits, government money market funds and short-term U.S. treasury bond bonds. USTX users who meet the criteria can receive rewards through the tx wallet program, and Ashley Ebersole stated that the reward program is designed based on legal advice to comply with the relevant provisions of the GENIUS Act.
