Brothers, big news has arrived! StablecoinX is going public! This is no small matter; they are making a big move, preparing to raise $360 million through a merger, isn’t this operation impressive?

In simple terms, StablecoinX is merging with TLGY Acquisition Corp. After the merger, it will be renamed StablecoinX Inc. and will be listed on NASDAQ under the ticker symbol "USDE." This operation has completely shaken the stablecoin community!

The most incredible part is where this $360 million is coming from. $260 million is cash, and $100 million is discounted ENA tokens! Plus, the backing comes from major players: Ethena Foundation, Ribbit Capital, and Pantera, which are top-tier institutions. Ethena is currently the third largest stablecoin issuer, with a market cap of $6.1 billion for USDe!

This merger comes with a 5-year long-term cooperation agreement with Ethena, which can be renewed. StablecoinX plans to adopt the strategy of those Bitcoin reserve companies by locking up ENA tokens as reserves. Doesn’t this operation seem familiar? It’s the same playbook as those companies hoarding BTC!

Coincidentally, the US has just passed a stablecoin regulatory bill, and even Trump has signed it. Isn’t the timing just perfect? It seems that StablecoinX is ready to take off with the favorable policy wind!

If you ask me, this operation is definitely worth paying attention to! It’s been a while since there was such a significant stir in the stablecoin community, and there are so many big names backing it. But when will it actually go public? It’s expected to be in the fourth quarter of 2025, so we can keep an eye on further developments!

Brothers, what do you think about this operation? Is the stablecoin community about to see a major change? Feel free to discuss in the comments!