StablecoinX: $890M Raise, ENA Treasury, Nasdaq Listing
Update: 2025-09-06
Description
StablecoinX just secured $530M, bringing their war chest to $890M for a Nasdaq debut and merger with TLGY Acquisition Corp! Their game plan? Build a massive ENA token treasury for Ethena's stablecoin protocol, backed by financial heavyweights like Brevan Howard and Dragonfly. Ethena Foundation is fueling the fire with a $310M buyback program, while ArkStream Capital doubles down with a $10M investment in Ethena Labs. Get ready for the first publicly-backed stablecoin treasury company to shake up the crypto world!
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