According to CoinMeta, the real-world assets platform tx has announced the launch of a US dollar-stabilized coin USTX for its wallet and tokenized stock market. Users can use USDC from 8 different blockchains to mint USTX and exchange them back for USDC. The supported networks include Ethereum, Solana, and Base. The fintech platform Brale is responsible for issuing USTX, managing the reserve assets, and executing minting and redemption processes. tx, co-founder and Chief Legal Officer of Ashley Ebersole, stated that USTX adopts an independent 1:1 reserve structure, with each USTX coin backed by $1 in assets. The reserves consist of cash, bank deposits, government money market funds, and short-term U.S. Treasury bonds. Eligible USTX users can receive rewards through the tx wallet program. Ebersole mentioned that this reward program is designed in accordance with legal advice to comply with relevant regulations of Genius Act.