Real-world asset platform tx has launched USTX, a U.S. dollar-denominated stablecoin built to support payments, trading, and liquidity across the company's blockchain network and its planned marketplace for tokenized stocks.

The token is fully backed 1:1 by U.S. dollar assets and is issued through Brale, a stablecoin infrastructure provider that manages USTX's reserves, minting, and redemption. According to tx, the launch is intended to establish a common dollar settlement asset for users who trade tokenized assets, post collateral, or take part in eligible wallet reward programs.

USTX is minted using USD Coin (USDC), the dollar stablecoin issued by Circle, and can be redeemed back into USDC. Tx said the setup gives users a unified dollar balance while the platform relies on external infrastructure for issuance and reserve management. The platform accepts deposits from eight blockchains, among them Ethereum, Solana, and Base, allowing users to move assets from multiple networks into the tx ecosystem.

Brale oversees issuance and reserves

Tx co-founder and Chief Legal Officer Ashley Ebersole said USTX is not designed to act as a wrapped or synthetic version of USDC. Instead, USDC functions as the funding mechanism for minting USTX, while the new stablecoin maintains a separate reserve structure managed by Brale.

Under the arrangement, Brale issues the token and handles the processes required to mint and redeem it. According to tx, each USTX is backed by assets worth $1, including cash, bank deposits, government money market funds, and short-term U.S. Treasury bills.

The structure places the stablecoin's issuance and reserve administration outside tx's core platform operations, allowing the company to introduce a native dollar-denominated asset without independently managing all of the infrastructure tied to stablecoin issuance and redemption. Users need USDC to mint USTX, and the redemption process converts the token back into USDC. The model is meant to keep dollar-denominated liquidity available for transactions within the tx ecosystem.

A settlement asset for tokenized markets

Tx plans to use USTX as the common settlement asset for its tokenized asset marketplace, where blockchain-based representations of traditional financial assets can be traded. Tokenized stocks have drawn growing interest from trading platforms in 2025, as exchanges experiment with bringing equities onto blockchain rails. A native stablecoin could simplify transactions by letting users maintain a consistent dollar balance for purchases, trade settlements, and collateral requirements rather than repeatedly converting between different assets.

The token is also intended to support eligible rewards through tx wallet programs, extending its potential utility beyond payments and settlement. Still, the usefulness of USTX will depend on adoption across the platform, the availability of its supported services, and the development of tx's planned marketplace. The announcement did not provide detailed information about the marketplace's launch date or the stablecoin's expected circulation, making both data points worth tracking as the platform develops.

GENIUS Act shapes the rewards program

Tx designed its USTX rewards program with the aim of complying with the GENIUS Act, the U.S. legislation signed into law in July 2025 that establishes a federal regulatory framework for payment stablecoins. The legislation restricts payment stablecoin issuers from paying interest or yield holders solely for holding, using, or retaining their stablecoins.

Tx said its rewards structure was developed with legal advice to remain within the applicable requirements. The distinction matters as digital asset platforms explore ways to encourage stablecoin adoption without treating payment tokens as interest-bearing instruments. The precise structure and eligibility conditions of tx's rewards program will determine how users can participate.

Brale broadens stablecoin infrastructure partnerships

The launch also underscores the role of specialized providers in the stablecoin market, as blockchain platforms increasingly rely on third parties to handle token issuance, reserve administration, and redemption while integrating branded digital dollars into their own products.

Brale has been expanding its infrastructure partnerships. In June, the fintech company announced work with Visa on improving the speed and programmability of blockchain-based stablecoin settlement for use cases that require privacy, compliance, and operational control.

For tx, USTX is intended to connect dollar liquidity with tokenized asset trading through a single network-native settlement token, while Brale provides the underlying issuance and reserve infrastructure. Its longer-term significance will depend on the platform's ability to attract users, support reliable redemptions, and establish demand for tokenized financial assets.

This story originally appeared on CoinTrust.