🔥🇺🇸 #ENA StablecoinX shares were listed on Nasdaq today – release



Ticker: #USDE.
On the balance sheet: approximately 3,029b ENA ($275m), about 20% of total supply.

StablecoinX was created as a public company to provide investors access to the Ethena ecosystem through Nasdaq shares, without directly buying ENA and holding crypto.

The company entered the market through a merger with SPAC TLGY Acquisition Corp.

StablecoinX develops infrastructure for USDe/USDtb, distribution services, and a strategy to accumulate ENA on its balance sheet.

The Ethena Foundation participates in the deal structure and cooperates with StablecoinX under a multi-year agreement that allows the company to buy additional ENA directly from Ethena at a discount in the future.
ENA-2.54%
USDE-0.01%
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