--- title: "Tx Launches USTX Stablecoin via Brale to Anchor Tokenized Equities Market" description: "Issued by Brale, the dollar-pegged token relies on USDC for minting across eight blockchains to power tx's wallet and real-world asset trading platform." url: https://basisdesk.news/news/tx-launches-ustx-stablecoin-brale-tokenized-stocks published: 2026-10-20T12:56:49.268Z modified: 2026-10-20T12:56:49.268Z section: Stablecoins & Payments author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: neutral tickers: [USDC, BTC] tags: [stablecoins, rwa, tokenization, brale, usdc] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # Tx Launches USTX Stablecoin via Brale to Anchor Tokenized Equities Market Issued by Brale, the dollar-pegged token relies on USDC for minting across eight blockchains to power tx's wallet and real-world asset trading platform. ## At a glance - **What happened:** Real-world asset platform tx launched USTX, a dollar stablecoin issued through fintech firm Brale. - **Why it matters:** The asset provides native dollar settlement for tx's wallet and planned tokenized stock exchange across eight blockchains. - **Who is affected:** Tx platform users, USDC holders, and market participants transacting on supported networks including Ethereum, Solana, and Base. - **What's next:** The subsequent rollout of tx's planned tokenized stock marketplace. - **Status:** announced - **Primary source:** [Tx launches USTX stablecoin to pull RWA liquidity onto its chain](https://cointelegraph.com/news/tx-ustx-stablecoin-rwa-liquidity-chain?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound) — cointelegraph.com ## Key points - Platform tx debuted USTX, a dollar stablecoin designed for its wallet and planned marketplace for tokenized stocks [1]. - Fintech firm Brale issues the asset and oversees reserves backed by cash, bank deposits, money market funds, and US Treasuries [1]. - Minting and redemptions execute via USDC across eight blockchains, including Ethereum, Solana, and Base [1]. ## Editorial remark - **Context:** Trading platforms and real-world asset networks are increasingly outsourcing fiat-backed token issuance to regulated third parties like Brale to avoid direct reserve operations. - **Impact:** Users of tx's wallet can access a native settlement asset across eight chains, while tx gains an integrated dollar instrument for tokenized stock settlement. - **Watch:** The launch schedule for tx's tokenized stocks marketplace and specific eligibility requirements for its wallet rewards program. Real-world asset infrastructure platform tx has introduced USTX, a proprietary dollar-pegged stablecoin intended to power its wallet application and an upcoming tokenized equities marketplace [1]. Users mint and redeem the asset using $USDC, with deposits supported across eight distinct networks, including Ethereum, Solana, and Base [1]. Regulated fintech entity Brale serves as the direct issuer of USTX, managing its underlying reserve pool while handling minting and burning processes [1]. Each circulating USTX is backed 1:1 by cash, traditional bank deposits, government money market funds, and short-term US Treasury bills [1]. Tx Co-Founder and Chief Legal Officer Ashley Ebersole clarified that USTX is not a synthetic representation or wrapped form of USDC, but an independent payment token with dedicated asset backing [1]. ## Compliance and Reward Mechanics The launch aligns with broader institutional moves toward turnkey currency issuance, such as initiatives where platforms [expand enterprise stablecoin infrastructure](https://basisdesk.news/analysis/visa-stripe-okx-expand-stablecoin-settlement) by partnering with specialized providers [1]. Brale previously partnered with Visa in June to build blockchain-based settlement rails geared toward compliant operating environments [1]. Tx plans to distribute rewards to qualifying users via wallet initiatives [1]. Addressing statutory restrictions established by the GENIUS Act—which bars stablecoin issuers from paying yields or interest simply for retaining or holding payment tokens—Ebersole stated that tx's wallet rewards structure was shaped by legal counsel to ensure strict regulatory compliance [1]. At the time of writing, $BTC traded at $81,532 while broader markets hovered at a $2.69 trillion valuation. ## FAQ **How is USTX backed?** USTX reserves are managed by Brale and backed 1:1 by cash, bank deposits, government money market funds, and short-term US Treasury bills. **How do users mint and redeem USTX?** Users mint and redeem USTX using USDC, with initial deposit support on eight blockchains including Ethereum, Solana, and Base. ## Sources 1. [Tx launches USTX stablecoin to pull RWA liquidity onto its chain](https://cointelegraph.com/news/tx-ustx-stablecoin-rwa-liquidity-chain?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound) — cointelegraph.com, 2026-10-20 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai