TLGY and StablecoinX secure additional $530M PIPE, total $890M, for ENA treasury strategy

TLGY ACQUISITION CORP

Additional $530M PIPE priced at $10/share brings total committed PIPE to $890M; combined company to hold over 3B ENA tokens at close.
New investors include YZi Labs, Brevan Howard, Susquehanna Crypto, IMC; returning investors Dragonfly, ParaFi, Maven11, Kingsway, Mirana, Haun.
Ethena Foundation subsidiary to launch $310M token buyback, adding to initial $260M for total $570M in announced buybacks.
SC Assets forms Strategic Advisory Board chaired by Rob Hadick (Dragonfly) to guide multi-year ENA treasury strategy and ecosystem alignment.
USDe circulation has more than doubled to over $12B since initial PIPE announcement in July 2025.

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