Tx launches stablecoin for tokenized stock trading on its blockchain

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Tx launches stablecoin for tokenized stocks

Highlights

Tx launched USTX, a stablecoin minted and redeemed with USDC, fully backed 1:1 by U.S. dollar assets via Brale.
USTX provides Tx network users with a unified dollar balance for tokenized asset trading, collateral posting, and rewards through wallet programs.
Tx designed the USTX rewards program to comply with the GENIUS Act, avoiding prohibited interest or yield payments to stablecoin holders.

Stablecoin structure and launch mechanics

As reported by Cointelegraph, tx says users will need USDC to mint USTX, and the token can also be redeemed back into USDC. The company adds that its platform accepts deposits from eight blockchains, including Ethereum, Solana and Base.

Ashley Ebersole, tx's co-founder and chief legal officer, says USTX is not a USDC-backed wrapper or a synthetic version of USDC. Instead, he says USDC serves as the route for minting USTX, while the token maintains its own 1:1 reserve structure through Brale.

Brale issues USTX, manages reserves and handles minting and redemption. According to tx, each token is backed by 1 U.S. dollar in assets that include cash, bank deposits, government money market funds and short-term U.S. Treasury bills.

Network utility and compliance considerations

For tx, a native stablecoin gives users a common dollar balance for buying tokenized assets, settling trades and posting collateral across the network. Eligible USTX users may also receive rewards through tx wallet programs, extending the token's role beyond simple transaction settlement.

The launch follows a broader pattern in which blockchain networks and trading platforms introduce branded dollar stablecoins through third-party providers that oversee issuance and reserve management. Some providers also share reserve income with clients, making stablecoins part of a wider platform economics strategy.

Ebersole says the rewards program is designed based on legal advice to stay within what is allowed under the GENIUS Act. The law bars stablecoin issuers from paying holders interest or yield solely for holding, using or retaining a payment stablecoin.

Brale has also been expanding its stablecoin infrastructure partnerships. In June, the fintech platform said it was working with Visa to improve the speed and programmability of blockchain-based stablecoin settlement in settings where privacy, compliance and operational control are important.

Our earlier report on SEON’s expansion in the Philippines explained how the fraud prevention firm is using a partnership with Exist Software Labs to broaden its client base beyond fintech into traditional banks, remittance providers and payments businesses. We noted that stronger regulatory expectations and accelerating digital payments adoption are driving demand for tools that help financial institutions manage fraud risk while maintaining customer trust.

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