Real-world asset platform tx has launched USTX, a dollar stablecoin for its wallet and planned marketplace for tokenized stocks. According to NS3.AI, users can mint USTX with USDC and redeem it for USDC, and the platform accepts deposits from eight blockchains, including Ethereum, Solana and Base.

Brale issues USTX and manages reserves intended to back each token with $1 in assets, tx said in a Tuesday announcement. Eligible users may receive wallet-program rewards. Tx co-founder Ashley Ebersole said the program was designed with legal advice to comply with the law.