Holding 3 Billion ENA, Worth Approximately $218 Million, StablecoinX Publishes Its First Financial Report

Odaily News: Nasdaq-listed Ethena treasury company StablecoinX has published its first financial report, disclosing that it has established a reserve of approximately 3 billion ENA tokens, including approximately 285 million ENA contributed by the Ethena Foundation and approximately 2.75 billion ENA obtained by PIPE investors through cash and in-kind investments. As of June 30, the reserve was valued at approximately $218 million. StablecoinX also disclosed the completion of its business combination with TLGY Acquisition Corporation, becoming one of the first listed companies to provide traditional capital markets with exposure to the digital dollar ecosystem. Its Class A common stock and warrants began trading on Nasdaq under the tickers "USDE" and "USDEW" on June 26.