Tx launches USTX stablecoin to pull RWA liquidity onto its chain

What happened: RWA platform tx launched USTX, a dollar stablecoin issued by Brale for its wallet and planned marketplace for tokenized stocks. Users mint and redeem it with USDC. Key numbers: Deposits accepted from eight blockchains, including Ethereum, Solana and Base. Why it matters: Tx says USTX is not a USDC-backed wrapper and has its own 1:1 reserve structure through Brale. Eligible users may receive rewards, which tx says were designed on legal advice to fit GENIUS Act limits on paying yield for holding a stablecoin.

RWA platform tx launched USTX, a dollar stablecoin issued by Brale for its wallet and planned marketplace for tokenized stocks. Users mint and redeem it with USDC.

Tx says USTX is not a USDC-backed wrapper and has its own 1:1 reserve structure through Brale. Eligible users may receive rewards, which tx says were designed on legal advice to fit GENIUS Act limits on paying yield for holding a stablecoin.