StablecoinX closes business combination with TLGY, begins trading on Nasdaq under USDE

StableCoinX Inc.

Holds ~3.03B ENA tokens valued at ~$275M, representing ~20% of total ENA supply at closing.
Trading begins June 26 on Nasdaq under 'USDE' for Class A common and 'USDEW' for warrants.
Three-pillar model: live DVN infrastructure, planned Stablecoin Harness middleware, and distribution services for institutional adoption.
Long-term collaboration with Ethena Foundation enables further ENA accumulation at a discount directly from Ethena.
Approximately 24M publicly traded Class A shares outstanding; ENA holdings equal $11.42 per fully diluted share.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.