✨Before listing on Nasdaq✨$ENA ✨
announced on September 5, 2025, 👉 In other words: it's fresh news.
🚦 Market Sentiment: 🟩 Strong optimism — the movement reinforces institutional consolidation around Ethena's stablecoin model.
The stablecoin infrastructure has just taken a historic step. StablecoinX and TLGY Acquisition Corp. announced the closing of a PIPE (Private Investment in Public Equity) of US$ 530 million, raising the total commitments to US$ 890 million.
👉 The capital will be allocated to the purchase of ENA tokens, strengthening liquidity, and supporting the synthetic stablecoin USDe, positioning Ethena at the center of institutional bets in the market.
🔹 Operation details
• 💰 US$ 530 million raised in PIPE, totaling US$ 890 million in commitments.
• 📊 The combined company, to be renamed StablecoinX Inc., is expected to hold over 3 billion ENA.
• 🏦 Major investors participated in the round: YZI Labs, Brevan Howard, Susquehanna Crypto, IMC Trading, Dragonfly, ParaFi Capital, Maven11, among others.
• 📉 The Ethena Foundation has already announced a buyback program for ENA worth US$ 570 million.
• 📈 Completion of the merger is expected in Q4 2025, with a listing on Nasdaq under the ticker 'USDE'.
🔹 Why does it matter?
This movement signals a massive institutional bet on Ethena's synthetic dollar model and marks ENA's entry onto the radar of global investors.
Just as MicroStrategy transformed Bitcoin into a treasury asset, StablecoinX Inc. positions itself to do the same with ENA, consolidating its role as critical infrastructure in the stablecoin ecosystem.
📌 The billion-dollar investment and future listing on Nasdaq reinforce the potential of Ethena and the ENA token as strategic assets for institutions.
With the support of some of the biggest names in the market, StablecoinX Inc. emerges as a protagonist in the race for the next generation of stablecoins.
🔗 #\u003ct-100/\u003e \u003ct-102/\u003e \u003ct-104/\u003e #\u003ct-106/\u003e \u003ct-108/\u003e
