tx Rolls Out USTX Stablecoin for Planned Tokenized Stock Marketplace
Photo: TokenPost
tx began rolling out USTX to wallet users Oct. 20, introducing a dollar stablecoin designed to provide one balance for its planned marketplace for tokenized U.S. stocks and other assets. At launch, users can mint USTX by depositing USDC from Ethereum, Base, Polygon or Solana. They can redeem USTX for USDC. Support for deposits from Arbitrum, Optimism, Avalanche and Celo is planned for a later phase. Brale issues USTX and oversees its reserves. USTX's reserves include cash, bank balances, government money market funds and short-term U.S. Treasury bills, with assets backing each token dollar for dollar.
Source: TokenPost
