The Brale-issued token can be minted with USDC from eight networks and is designed to settle tokenized stocks and other assets on tx.
Real-world asset (RWA) platform tx has launched USTX, a dollar stablecoin for its wallet and planned marketplace for tokenized stocks.
Users will need USDC to mint USTX, which can also be redeemed for USDC, the company said in a Tuesday announcement shared with Cointelegraph. The platform accepts deposits from eight blockchains, including Ethereum, Solana and Base.
“It is not a USDC-backed wrapper or synthetic representation of USDC,” Ashley Ebersole, tx’s co-founder and chief legal officer, told Cointelegraph. USDC provides a way to mint USTX, which has its own 1:1 reserve structure through Brale, he said.
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