tx launches USTX stablecoin to bring real-world asset liquidity to its chain

tx has launched USTX, a dollar-pegged stablecoin for its wallet and planned tokenized stock marketplace. Users need USDC to mint USTX, which is redeemable for USDC. Each USTX token is backed 1:1 by assets including cash, bank deposits, government money market funds, and short-term US Treasury bills, with reserves managed by fintech platform Brale. Eligible users may receive rewards through tx's wallet programs, designed to comply with U.S. regulations that prohibit interest payments on stablecoin holdings.