Tx , a real-world asset (RWA) platform, has launched USTX, a US dollar-pegged stablecoin designed for use in its upcoming tokenized stock marketplace. The asset will also be available in the company’s wallet .
Users will be able to mint USTX by depositing USDC and redeem the tokens back into USDC . The platform accepts deposits from eight blockchains, including Ethereum, Solana, and Base.
Launch rewards are coming with USTX.
Complete KYC verification in the tx Super App today to prepare for launch. To qualify for minting rewards, users will need to pass KYC.
More details to follow. pic.twitter.com/fFPfPIcrGM
— tx (@txEcosystem) October 19, 2026
Ashley Ebersole, the firm’s co-founder and chief legal officer, clarified that the stablecoin is neither a synthetic representation of USDC nor a token directly backed by it. USTX has its own reserves and maintains a 1:1 peg to the US dollar .
Fintech company Brale is responsible for issuing the tokens, managing reserves, and processing minting and redemption transactions. Each token is backed by $1 in assets , which may include cash, bank deposits, government money market funds, and short-term US Treasury bills.
Tx also plans to offer rewards to eligible users through programs associated with its wallet.
The GENIUS Act prohibits stablecoin issuers from paying interest solely for holding or using these assets . Ebersole said the rewards program was designed with legal guidance to comply with regulatory restrictions.
Source: X
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