Tx Launches USTX Stablecoin for Tokenized Stock Trade Settlements

Tokenization platform tx is preparing to launch its own stablecoin, USTX, aimed at facilitating trade settlements for tokenized stocks, ETFs, and other real-world assets on the tx chain. Announced on September 23, 2026, USTX is scheduled to debut in October 2026.

USTX will be issued by Brale and minted using USDC, allowing users to convert their USDC into USTX at a fixed rate. This approach aims to consolidate USDC across various networks into a single balance on the tx chain, addressing the fragmentation issue that arises when USDC is held on different blockchains.

The minting process will initially support four networks: Ethereum, Base, Polygon, and Solana, with plans to expand to eight. USTX will be fully backed 1:1 by reserves held in bank deposits, government money market funds, and short-term US Treasury bills, with monthly attestations from a CPA to ensure transparency.

Tx is not directly issuing USTX but is relying on Brale for the issuance and regulatory compliance, allowing users to convert a familiar stablecoin into USTX while maintaining a redemption path back to USDC.

Key milestones to watch include the scheduled launch in October 2026, the addition of more minting networks, and the release of monthly attestation reports from Brale, which will provide insights into USTX's outstanding supply and reserve stability.