⚡️ Ethena-backed StablecoinX to buy $260M worth of $ENA from the open market

StablecoinX has raised $360M to purchase $ENA and will seek to list its Class A common shares on the Nasdaq Global Market under the $USDE ticker. The firm will strategically purchase $260M worth of $ENA (~8% of the circulating supply) across publicly traded venues over the coming weeks.

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