According to Cointelegraph, the company Tx has launched a new stablecoin called USTX on its blockchain platform. The stablecoin is intended to attract liquidity related to real-world assets (RWA) onto Tx’s chain.
The token can be minted using USDC issued across eight different networks and is built to facilitate the settlement of tokenized stocks and other similar assets on Tx’s platform.
By issuing USTX, Tx aims to create a mechanism for moving RWA-related liquidity into its ecosystem. The design supports integration with existing USDC supplies from multiple networks, allowing for minting under those conditions.
The stablecoin’s functionality centers on enabling the final settlement of tokenized stocks and other assets within Tx’s environment. No additional details about launch timing, supply size, user adoption, or technical specifications were provided in the source.
