Tx launches USTX stablecoin to pull RWA liquidity onto its chain
Summary
RWA platform tx launched USTX, a dollar stablecoin for its wallet and planned tokenized-stock marketplace. Users mint and redeem it through USDC, while Brale issues the token and manages reserves. Tx says each USTX is backed 1:1 by cash, bank deposits, government money market funds and short-term US Treasury bills. Eligible users may receive rewards through wallet programs; tx says the design complies with the GENIUS Act’s ban on yield paid solely for holding a payment stablecoin.
