Tx Launches USTX Stablecoin for Tokenized Asset Settlement
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Issued by Brale, USTX can be minted using USDC from eight networks and is designed to settle tokenized assets on tx.
Tx has launched USTX, a stablecoin intended to bring liquidity for real-world assets onto its blockchain.
Brale issues the token, which users can mint with USDC from eight networks. This provides a route for USDC holders on those networks to access USTX.
The stablecoin is designed for settling transactions involving tokenized stocks and other assets on tx, linking its minting mechanism to the chain’s asset market.
Source: Cointelegraph
