stablecoinx
4,041 views
22 Discussing
Hot
Latest
See original
21shares Ethena ETP (EENA) represents the acceptance level of retail users for the price of $ENA .
Yesterday (12/3), 21shares officially listed the ETP product EENA, based on ENA single asset exposure, on the Swiss stock exchange (SIX Swiss Exchange).
Monitoring the trend of EENA might be better than keeping an eye on the price of StablecoinX (Ethena DAT)?
-
StablecoinX is an ENA reserve company established through a collaboration between Ethena and a venture capital firm. It is traded as a U.S. stock and is not as pure as trading products like ETP.
Although StablecoinX will purchase ENA through the Ethena Foundation, it is more inclined to buy ENA within a specific price range during a specific time period, thus having a clearer cost price.
(According to DefiLlama, the average cost price corresponding to the two completed rounds of purchases is approximately: 0.29, 0.21)
-
21shares' EENA is designed to be 100% physically backed and cannot be used for lending or other purposes, with assets stored at the custodian BitGo.
In other words, what EENA reflects is a purer retail user trading psychology, showing the price that buyers trust for ENA.
(Additionally, there is a management fee cost of 2.5%)
A 2.5% management fee is considered a standard setting in 21shares' single asset exposure type ETP.
For example, the two ETPs tracking $DOGE and $PYTH also have a fee of 2.5%.
Although ETHC and CBTC are 0.1%, it is mainly because they need to compete for market share with other competitors.
-
EENA recorded an AUM of 1,293,770 on its first day, which should be considered a moderate performance for the ETP launched by 21shares.
I will treat EENA as another reference data point, as it more accurately reflects the price preferences of European market users for ENA assets.
Although 21shares mentioned in the document that the potential benefit of ENA lies in opening up a profit-sharing mechanism after cost conversion, the fact is that no one can predict when it will start, so current buying and selling are more based on the price fluctuations of the ENA asset itself.
-
*Opinions are solely my personal views and not financial advice (NFA), please do your own research (DYOR)
*Image source: 21shares
#21Shares #ENA走势分析 #StablecoinX #DAT
Yesterday (12/3), 21shares officially listed the ETP product EENA, based on ENA single asset exposure, on the Swiss stock exchange (SIX Swiss Exchange).
Monitoring the trend of EENA might be better than keeping an eye on the price of StablecoinX (Ethena DAT)?
-
StablecoinX is an ENA reserve company established through a collaboration between Ethena and a venture capital firm. It is traded as a U.S. stock and is not as pure as trading products like ETP.
Although StablecoinX will purchase ENA through the Ethena Foundation, it is more inclined to buy ENA within a specific price range during a specific time period, thus having a clearer cost price.
(According to DefiLlama, the average cost price corresponding to the two completed rounds of purchases is approximately: 0.29, 0.21)
-
21shares' EENA is designed to be 100% physically backed and cannot be used for lending or other purposes, with assets stored at the custodian BitGo.
In other words, what EENA reflects is a purer retail user trading psychology, showing the price that buyers trust for ENA.
(Additionally, there is a management fee cost of 2.5%)
A 2.5% management fee is considered a standard setting in 21shares' single asset exposure type ETP.
For example, the two ETPs tracking $DOGE and $PYTH also have a fee of 2.5%.
Although ETHC and CBTC are 0.1%, it is mainly because they need to compete for market share with other competitors.
-
EENA recorded an AUM of 1,293,770 on its first day, which should be considered a moderate performance for the ETP launched by 21shares.
I will treat EENA as another reference data point, as it more accurately reflects the price preferences of European market users for ENA assets.
Although 21shares mentioned in the document that the potential benefit of ENA lies in opening up a profit-sharing mechanism after cost conversion, the fact is that no one can predict when it will start, so current buying and selling are more based on the price fluctuations of the ENA asset itself.
-
*Opinions are solely my personal views and not financial advice (NFA), please do your own research (DYOR)
*Image source: 21shares
#21Shares #ENA走势分析 #StablecoinX #DAT
🔥 JUST IN: StablecoinX Raises $360M — Allocates $260M to Buy $ENA Tokens! 💥
In a game-changing move, StablecoinX has successfully closed a $360 million funding round, marking one of the largest DeFi investments of the year! 💰🚀
But the real headline? A staggering $260 million of that capital is being allocated to purchase $ENA tokens directly from the Ethena Foundation — a bold bet on the future of decentralized finance and synthetic stable assets. 🧠📊
💡 Why this matters:
• 🔹 Ethena’s $ENA powers one of the most innovative yield-bearing stablecoin systems in crypto.
• 🔹 Institutional backing at this scale shows growing confidence in on-chain synthetic dollar systems.
• 🔹 Strategic alignment between StablecoinX and Ethena could reshape the stablecoin economy.
This isn’t just an investment — it’s a massive vote of confidence in the future of decentralized stable assets, composable finance, and long-term utility in global markets.
🧨 The DeFi game is heating up… and StablecoinX just went ALL IN.
#StablecoinX #ENA #Ethena #DeFi #Bullish
In a game-changing move, StablecoinX has successfully closed a $360 million funding round, marking one of the largest DeFi investments of the year! 💰🚀
But the real headline? A staggering $260 million of that capital is being allocated to purchase $ENA tokens directly from the Ethena Foundation — a bold bet on the future of decentralized finance and synthetic stable assets. 🧠📊
💡 Why this matters:
• 🔹 Ethena’s $ENA powers one of the most innovative yield-bearing stablecoin systems in crypto.
• 🔹 Institutional backing at this scale shows growing confidence in on-chain synthetic dollar systems.
• 🔹 Strategic alignment between StablecoinX and Ethena could reshape the stablecoin economy.
This isn’t just an investment — it’s a massive vote of confidence in the future of decentralized stable assets, composable finance, and long-term utility in global markets.
🧨 The DeFi game is heating up… and StablecoinX just went ALL IN.
#StablecoinX #ENA #Ethena #DeFi #Bullish
StablecoinX Inc. to acquire $260M in $ENA from open market purchases
#StablecoinX Inc. has announced a $360M capital raise to acquire $ENA and plans to pursue a listing of its Class A common shares. To kickstart its acquisition strategy, StablecoinX Inc. will allocate the full $260M in cash proceeds from the raise to purchase locked ENA from a subsidiary of the #EthenaFoundation.
The planned deployment involves spending around $5M per day starting today, spread over the next six weeks. At current prices, the $260M purchase accounts for approximately 8% of the circulating supply.
👉 x.com/ethena_labs/status/1947286869341016116
#StablecoinX Inc. has announced a $360M capital raise to acquire $ENA and plans to pursue a listing of its Class A common shares. To kickstart its acquisition strategy, StablecoinX Inc. will allocate the full $260M in cash proceeds from the raise to purchase locked ENA from a subsidiary of the #EthenaFoundation.
The planned deployment involves spending around $5M per day starting today, spread over the next six weeks. At current prices, the $260M purchase accounts for approximately 8% of the circulating supply.
👉 x.com/ethena_labs/status/1947286869341016116
🚨 STABLECOINX INC ANNOUNCES $530M CAPITAL RAISE FOR $ENA ACCUMULATION STRATEGY 🚨
StablecoinX Inc has announced an additional $530M capital raise dedicated to its ENA accumulation strategy.
📌 DEPLOYMENT PLAN FOR ENA BUYS
💵 $5M per day if ENA > $0.70
💵 $10M per day if $ENA < $0.70 OR if ENA drops >5% in 24h
⚡ WHAT THIS MEANS FOR $ENA
1️⃣ Consistent daily buy pressure = strong price support
2️⃣ Large-scale capital deployment = reduced downside risk
3️⃣ Any dips below $0.70 could trigger accelerated accumulation, potentially creating a launchpad for the next leg up.
👉 In short: StablecoinX is backing ENA with real money. This move could bring more stability, investor confidence, and upside momentum.
TRADE OR BUY HERE ⬇️⬇️
$ENA
#ENA #CryptoNews #StablecoinX #altcoins #MarketUpdate
StablecoinX Inc has announced an additional $530M capital raise dedicated to its ENA accumulation strategy.
📌 DEPLOYMENT PLAN FOR ENA BUYS
💵 $5M per day if ENA > $0.70
💵 $10M per day if $ENA < $0.70 OR if ENA drops >5% in 24h
⚡ WHAT THIS MEANS FOR $ENA
1️⃣ Consistent daily buy pressure = strong price support
2️⃣ Large-scale capital deployment = reduced downside risk
3️⃣ Any dips below $0.70 could trigger accelerated accumulation, potentially creating a launchpad for the next leg up.
👉 In short: StablecoinX is backing ENA with real money. This move could bring more stability, investor confidence, and upside momentum.
TRADE OR BUY HERE ⬇️⬇️
$ENA
#ENA #CryptoNews #StablecoinX #altcoins #MarketUpdate
Ethena Soars 12% After Record $530M Investment in StablecoinX
📅 September 6 | United States
In a move that shook the crypto ecosystem, Ethena (ENA) saw its price jump 12% after StablecoinX, a stablecoin-focused treasury firm, closed a mega investment round for $530 million. The announcement cemented StablecoinX as one of the strongest emerging players in the crypto infrastructure scene, while boosting confidence in the potential of Ethena, its strategic partner.
📖 StablecoinX, a company focused on reserve, liquidity, and asset tokenization solutions, confirmed it raised $530 million in new financing, a figure that not only strengthens its balance sheet but also places it among the elite of the most capitalized crypto treasuries in 2025.
The domino effect was immediate: Ethena (ENA), one of the tokens most closely linked to the decentralized stablecoin ecosystem and with strong exposure to StablecoinX's operations, reacted immediately with a 12% rally, surpassing the resistance levels it had held for weeks.
What's interesting about this case is the context. 2025 has been a year of intense competition in the stablecoin market, with giants like Circle, Tether, and Ripple vying for global market share, while new players like Ethena seek to position themselves with hybrid offerings that combine high performance and institutional resilience. The influx of fresh capital for StablecoinX not only guarantees financial strength, but also the capacity to expand operations, launch new products, and strengthen reserves that instill confidence in users and investors.
The market interpreted this financing as a clear sign of institutional confidence in the infrastructure supporting Ethena. Several analysts highlighted that the synergy between the two entities could accelerate the adoption of ENA as a strategic asset in corporate treasuries and crypto investment funds.
The next challenge will be to demonstrate that the money raised translates into real and sustainable growth, especially in an environment where regulatory pressure on stablecoins and tokens linked to them is increasingly intense.
Topic Opinion:
Crypto treasuries are moving from being simple experiments to becoming true large-scale financial vehicles. The fact that StablecoinX has attracted more than $500 million in a single transaction is a sign that the market is looking for projects with an institutional vision. I think Ethena now has a golden opportunity to consolidate, but it will depend on its ability to execute transparently and adapt to upcoming regulatory frameworks.
💬 Do you think the investment in StablecoinX is the start of a new bullish cycle for Ethena?
Leave your comment...
#ethena #StablecoinX #CryptoNews #defi #CryptoInvestment $ENA
In a move that shook the crypto ecosystem, Ethena (ENA) saw its price jump 12% after StablecoinX, a stablecoin-focused treasury firm, closed a mega investment round for $530 million. The announcement cemented StablecoinX as one of the strongest emerging players in the crypto infrastructure scene, while boosting confidence in the potential of Ethena, its strategic partner.
📖 StablecoinX, a company focused on reserve, liquidity, and asset tokenization solutions, confirmed it raised $530 million in new financing, a figure that not only strengthens its balance sheet but also places it among the elite of the most capitalized crypto treasuries in 2025.
The domino effect was immediate: Ethena (ENA), one of the tokens most closely linked to the decentralized stablecoin ecosystem and with strong exposure to StablecoinX's operations, reacted immediately with a 12% rally, surpassing the resistance levels it had held for weeks.
What's interesting about this case is the context. 2025 has been a year of intense competition in the stablecoin market, with giants like Circle, Tether, and Ripple vying for global market share, while new players like Ethena seek to position themselves with hybrid offerings that combine high performance and institutional resilience. The influx of fresh capital for StablecoinX not only guarantees financial strength, but also the capacity to expand operations, launch new products, and strengthen reserves that instill confidence in users and investors.
The market interpreted this financing as a clear sign of institutional confidence in the infrastructure supporting Ethena. Several analysts highlighted that the synergy between the two entities could accelerate the adoption of ENA as a strategic asset in corporate treasuries and crypto investment funds.
The next challenge will be to demonstrate that the money raised translates into real and sustainable growth, especially in an environment where regulatory pressure on stablecoins and tokens linked to them is increasingly intense.
Topic Opinion:
Crypto treasuries are moving from being simple experiments to becoming true large-scale financial vehicles. The fact that StablecoinX has attracted more than $500 million in a single transaction is a sign that the market is looking for projects with an institutional vision. I think Ethena now has a golden opportunity to consolidate, but it will depend on its ability to execute transparently and adapt to upcoming regulatory frameworks.
💬 Do you think the investment in StablecoinX is the start of a new bullish cycle for Ethena?
Leave your comment...
#ethena #StablecoinX #CryptoNews #defi #CryptoInvestment $ENA
StablecoinX Expands Funding to $890M for ENA Treasury
StablecoinX is raising big total PIPE financing has grown to $890 million, including an additional $530M announced recently. The funds support acquiring over 3 billion ENA tokens and a $310M buyback program by Ethena Foundation.
What’s PIPE?
Private Investment in Public Equity (PIPE) lets public companies raise capital by selling discounted shares directly to institutional investors fueling quick growth and strategic asset accumulation.
The raised capital strengthens liquidity and supports Ethena’s stablecoins USDe & USDtb. StablecoinX will list on Nasdaq under ticker USDE soon. A strategic advisory board guides ecosystem alignment and governance. This move might deepens Ethena’s treasury play and bridges DeFi innovation with public market scale.
#StablecoinX #PIPE
$ENA
StablecoinX is raising big total PIPE financing has grown to $890 million, including an additional $530M announced recently. The funds support acquiring over 3 billion ENA tokens and a $310M buyback program by Ethena Foundation.
What’s PIPE?
Private Investment in Public Equity (PIPE) lets public companies raise capital by selling discounted shares directly to institutional investors fueling quick growth and strategic asset accumulation.
The raised capital strengthens liquidity and supports Ethena’s stablecoins USDe & USDtb. StablecoinX will list on Nasdaq under ticker USDE soon. A strategic advisory board guides ecosystem alignment and governance. This move might deepens Ethena’s treasury play and bridges DeFi innovation with public market scale.
#StablecoinX #PIPE
$ENA
See original
StablecoinX raises $530 million to purchase $ENA reserves, is the key price level for $ENA $0.7?
Ethena Season 4 will end this month, and as always, it frequently releases positive news before the points end.
On 9/6, StablecoinX, which is purchased as a crypto reserve $ENA announced to raise another $530 million for purchasing ENA from a subsidiary of the Ethena Foundation.
StablecoinX raised $530 million, sourced from Ethena.
--
Interestingly, the purchase plan sets $0.7 as the dividing line between the two purchasing options.
If ENA > $0.7, then purchase $5 million daily.
If ENA @ $0.7 or ENA drops > 5% within 24 hours, then purchase $10 million daily.
In other words, general users may default the key price level in the open market at $0.7, and the extent of the drop may narrow.
On 9/6, StablecoinX, which is purchased as a crypto reserve $ENA announced to raise another $530 million for purchasing ENA from a subsidiary of the Ethena Foundation.
StablecoinX raised $530 million, sourced from Ethena.
--
Interestingly, the purchase plan sets $0.7 as the dividing line between the two purchasing options.
If ENA > $0.7, then purchase $5 million daily.
If ENA @ $0.7 or ENA drops > 5% within 24 hours, then purchase $10 million daily.
In other words, general users may default the key price level in the open market at $0.7, and the extent of the drop may narrow.
🚨 NEW: StablecoinX secures $530M in fresh PIPE funding, boosting total to $895M. 💵
👉 Plans to acquire 3B+ $ENA tokens
👉 Launching a $310M buyback program
Big capital, big moves. 🔥
#Crypto #ENA #StablecoinX
$ENA
👉 Plans to acquire 3B+ $ENA tokens
👉 Launching a $310M buyback program
Big capital, big moves. 🔥
#Crypto #ENA #StablecoinX
$ENA
👀 #StablecoinX Inc. is raising $530 million to aggressively buy up $ENA tokens. Their plan is to buy $5M daily if the price is above $0.70 and $10M daily if it drops below that or falls more than 5% in 24 hours. This consistent, large-scale buying is a strong bullish signal for $ENA
long-term. 📈
#Binance
long-term. 📈
#Binance
💥 StablecoinX doubles down on $ENA accumulation
#StablecoinX has raised an additional $530M, bringing its total PIPE financing to ~$895M.
🔹 Funds will be used to acquire over 3B $ENA from a subsidiary of the #Ethena Foundation.
🔹 The Ethena subsidiary will also launch a $310M buyback program over the next 2 months via market makers.
🔹 Combined, the new PIPE + buyback represent ~13% of circulating ENA supply.
This follows the initial PIPE raise that already secured ~7.3% of supply in just 6 weeks.
📈 With veto rights still in place for $ENA sales, StablecoinX is signaling a long-term treasury strategy, aiming to scale institutional access and compound ENA per share for its investors.
#ENA #ethena #CryptoFunds
#StablecoinX has raised an additional $530M, bringing its total PIPE financing to ~$895M.
🔹 Funds will be used to acquire over 3B $ENA from a subsidiary of the #Ethena Foundation.
🔹 The Ethena subsidiary will also launch a $310M buyback program over the next 2 months via market makers.
🔹 Combined, the new PIPE + buyback represent ~13% of circulating ENA supply.
This follows the initial PIPE raise that already secured ~7.3% of supply in just 6 weeks.
📈 With veto rights still in place for $ENA sales, StablecoinX is signaling a long-term treasury strategy, aiming to scale institutional access and compound ENA per share for its investors.
#ENA #ethena #CryptoFunds
See original
Delving into the establishment of $ENA strategic reserve company "StablecoinX" and discovering some interesting things
As an early participant actively involved in the Ethena Converge ecosystem, the "ENA strategic reserve listed company" indeed greatly boosts holders' confidence, but after carefully reading the press release, I found several interesting topics (questions).
StablecoinX
StablecoinX will merge with the special purpose acquisition company "TLGY", and the new company name will be "StablecoinX Inc.", with stock code "USDE".
Investment amount: Total $360 million, $260 million in cash + $100 million in discounted ENA. Funding sources include $60 million from the Ethena Foundation and venture capital firms such as Dragonfly, Blockchain.com, and Pantera.
StablecoinX
StablecoinX will merge with the special purpose acquisition company "TLGY", and the new company name will be "StablecoinX Inc.", with stock code "USDE".
Investment amount: Total $360 million, $260 million in cash + $100 million in discounted ENA. Funding sources include $60 million from the Ethena Foundation and venture capital firms such as Dragonfly, Blockchain.com, and Pantera.
MAJOR CRYPTO FUNDRAISING EVENTS IN SEPTEMBER
#ForwardIndustries #StablecoinX #Kraken #Helius #Rapyd #AlloyX #FlyingTulip #zerohash #Soluna #Gemini #RedotPay #Etherealize #SonicStrategy #Finary #InversionCapital #Ultia
#ForwardIndustries #StablecoinX #Kraken #Helius #Rapyd #AlloyX #FlyingTulip #zerohash #Soluna #Gemini #RedotPay #Etherealize #SonicStrategy #Finary #InversionCapital #Ultia
See original
This month, after Ethena distributes the fourth quarter airdrop of $ENA , the circulating supply of ENA will exceed 50% of its maximum supply.
Currently, 47.71% of ENA has been unlocked. Since the official announcement clearly stated that the airdrop for the fourth quarter will not be less than that of the third quarter (3.5%), the circulating ENA will officially exceed 50% of the total amount after the distribution of the fourth quarter airdrop this month.
Despite Ethena actively releasing multiple positive news a month ago, the coin price has gradually fallen from 0.8 to the current 0.56. It seems that even the repurchase plan of StablecoinX cannot reverse the short-term downturn caused by users withdrawing early before the airdrop.
In the fourth quarter, I accumulated about 1B of S4 Rewards, which is roughly equivalent to about 10000 early ENA. Can I sell it for a good price?
----
※Ethena code：
eu54u
※The above content does not constitute investment advice. Users should operate according to their own risk tolerance and participate in the investment market with caution, DYOR.
※The attached image is taken from Ethena.
#ethena #Airdrops #ENA将解锁走势如何 #StablecoinX $ENA
Currently, 47.71% of ENA has been unlocked. Since the official announcement clearly stated that the airdrop for the fourth quarter will not be less than that of the third quarter (3.5%), the circulating ENA will officially exceed 50% of the total amount after the distribution of the fourth quarter airdrop this month.
Despite Ethena actively releasing multiple positive news a month ago, the coin price has gradually fallen from 0.8 to the current 0.56. It seems that even the repurchase plan of StablecoinX cannot reverse the short-term downturn caused by users withdrawing early before the airdrop.
In the fourth quarter, I accumulated about 1B of S4 Rewards, which is roughly equivalent to about 10000 early ENA. Can I sell it for a good price?
----
※Ethena code：
eu54u
※The above content does not constitute investment advice. Users should operate according to their own risk tolerance and participate in the investment market with caution, DYOR.
※The attached image is taken from Ethena.
#ethena #Airdrops #ENA将解锁走势如何 #StablecoinX $ENA
StablecoinX raises $530 million to purchase $ENA reserves, is the key price level for $ENA $0.7?
Ethena Season 4 will end this month, and as always, it frequently releases positive news before the points end.
On 9/6, StablecoinX, which is purchased as a crypto reserve $ENA announced to raise another $530 million for purchasing ENA from a subsidiary of the Ethena Foundation.
StablecoinX raised $530 million, sourced from Ethena.
--
Interestingly, the purchase plan sets $0.7 as the dividing line between the two purchasing options.
If ENA > $0.7, then purchase $5 million daily.
If ENA @ $0.7 or ENA drops > 5% within 24 hours, then purchase $10 million daily.
In other words, general users may default the key price level in the open market at $0.7, and the extent of the drop may narrow.
On 9/6, StablecoinX, which is purchased as a crypto reserve $ENA announced to raise another $530 million for purchasing ENA from a subsidiary of the Ethena Foundation.
StablecoinX raised $530 million, sourced from Ethena.
--
Interestingly, the purchase plan sets $0.7 as the dividing line between the two purchasing options.
If ENA > $0.7, then purchase $5 million daily.
If ENA @ $0.7 or ENA drops > 5% within 24 hours, then purchase $10 million daily.
In other words, general users may default the key price level in the open market at $0.7, and the extent of the drop may narrow.
See original
#Ethena in giant mode: historic buyback of $ENA
🚨 Ethena, through its new treasury unit StablecoinX, launched a buyback program of $260 million of its token $ENA.
📈 They are buying $5M per day from exchanges — without selling a single token. The goal: to strengthen their ecosystem and establish themselves as a benchmark in crypto treasury.
💼 Additionally, they will merge with TLGY Acquisition Corp and go public under the ticker USDE, aiming to become the first public company focused on stablecoins.
🧠 Funds such as Pantera, Galaxy, Dragonfly, and Polychain are participating.
The message is clear: institutional interest is stronger than ever.
Could this mark a turning point in how crypto treasuries operate?
👇what do you think.
#ENA $ETH #StablecoinX #CryptoNews
🚨 Ethena, through its new treasury unit StablecoinX, launched a buyback program of $260 million of its token $ENA.
📈 They are buying $5M per day from exchanges — without selling a single token. The goal: to strengthen their ecosystem and establish themselves as a benchmark in crypto treasury.
💼 Additionally, they will merge with TLGY Acquisition Corp and go public under the ticker USDE, aiming to become the first public company focused on stablecoins.
🧠 Funds such as Pantera, Galaxy, Dragonfly, and Polychain are participating.
The message is clear: institutional interest is stronger than ever.
Could this mark a turning point in how crypto treasuries operate?
👇what do you think.
#ENA $ETH #StablecoinX #CryptoNews
🚨 MASSIVE NEWS: #StablecoinX is set to raise $360M just to buy $ENA as part of its treasury strategy! 💰
And that’s not all—they're going public via a SPAC merger under the ticker “USDE” 🇺🇸💵
They see the potential. They’re playing big.
So ask yourself — why aren't you holding #ENA yet?
Smart money is already moving in...
👉 Don’t be the last one to FOMO. Load up before the next leg up! 🚀
$0.5 To $5 won’t take so long 🫵
And that’s not all—they're going public via a SPAC merger under the ticker “USDE” 🇺🇸💵
They see the potential. They’re playing big.
So ask yourself — why aren't you holding #ENA yet?
Smart money is already moving in...
👉 Don’t be the last one to FOMO. Load up before the next leg up! 🚀
$0.5 To $5 won’t take so long 🫵
Ethena Foundation Launches StablecoinX to Acquire $360M in $ENA 🚀
The Ethena Foundation is launching StablecoinX Inc., a new crypto treasury and infrastructure firm, through a SPAC merger with TLGY Acquisition. The deal includes a $360 million PIPE to fund massive #ENA token buybacks and long-term staking infrastructure.
🔹 $60M from Ethena Foundation
🔹 Backed by major VCs: Dragonfly, Ribbit Capital, Pantera, Haun Ventures, Galaxy Digital and others
🔹 Shares will trade on Nasdaq under ticker: USDE
🔹 #StablecoinX will focus on ENA accumulation, staking, and validator operations
Ethena, which issues the synthetic dollar $USDe, is already the third-largest on-chain dollar issuer after Tether and Circle. This move aims to bolster the protocol’s treasury, longevity, and decentralization, positioning ENA as a long-term digital asset backed by deep capital reserves.
#Altcoin
The Ethena Foundation is launching StablecoinX Inc., a new crypto treasury and infrastructure firm, through a SPAC merger with TLGY Acquisition. The deal includes a $360 million PIPE to fund massive #ENA token buybacks and long-term staking infrastructure.
🔹 $60M from Ethena Foundation
🔹 Backed by major VCs: Dragonfly, Ribbit Capital, Pantera, Haun Ventures, Galaxy Digital and others
🔹 Shares will trade on Nasdaq under ticker: USDE
🔹 #StablecoinX will focus on ENA accumulation, staking, and validator operations
Ethena, which issues the synthetic dollar $USDe, is already the third-largest on-chain dollar issuer after Tether and Circle. This move aims to bolster the protocol’s treasury, longevity, and decentralization, positioning ENA as a long-term digital asset backed by deep capital reserves.
#Altcoin
StablecoinX raises $530M to expand ENA holdings
#StablecoinX has secured an additional $530 million in financing, bringing its total #PIPE fundraising to about $895 million. The capital will be used to acquire ENA tokens from a subsidiary of the #Ethena Foundation, with the goal of holding more than 3 billion $ENA on its balance sheet. The Ethena subsidiary plans to launch a $310 million buyback program over the next two months through market makers.
#StablecoinX has secured an additional $530 million in financing, bringing its total #PIPE fundraising to about $895 million. The capital will be used to acquire ENA tokens from a subsidiary of the #Ethena Foundation, with the goal of holding more than 3 billion $ENA on its balance sheet. The Ethena subsidiary plans to launch a $310 million buyback program over the next two months through market makers.
🚨 StablecoinX Inc has secured an extra $530 million to accelerate its $ENA accumulation plan.
The buying strategy will follow this schedule:
$5M per day if $ENA trades above $0.70
$10M per day if $ENA falls below $0.70 or drops more than 5% within 24 hours
#StablecoinX #ENA #CryptoStrategy #MarketMoves #BinanceHODLerOPEN
The buying strategy will follow this schedule:
$5M per day if $ENA trades above $0.70
$10M per day if $ENA falls below $0.70 or drops more than 5% within 24 hours
#StablecoinX #ENA #CryptoStrategy #MarketMoves #BinanceHODLerOPEN
🚨 BREAKING: StablecoinX Secures $530M to Acquire 3B $ENA Tokens & Launch $310M Buyback
StablecoinX has raised an additional $530 million, bringing its total PIPE financing to $895 million. This capital will be used to acquire over 3 billion ENA tokens and support a $310 million buyback program. The initiative is part of a strategic move to list on Nasdaq under the ticker "USDE" and strengthen the Ethena ecosystem.
Key Highlights:
Total Capital Raised: $895 million (including $530M PIPE financing)
$ENA Tokens Acquired: Over 3 billion
Buyback Program: $310 million to enhance token value and liquidity
Nasdaq Listing: Plans to list under ticker "USDE"
Strategic Goal: Strengthen the Ethena ecosystem and institutional adoption
Market Impact:
The ENA token has experienced significant price movements following the announcement. As of the latest data, ENA is trading at approximately $0.73 USD, up by 10.55% in the past 24 hours. The buyback program aims to reduce circulating supply, potentially increasing scarcity and value.
Investor Insights:
This move positions StablecoinX as a significant player in the stablecoin and DeFi sectors. The acquisition of ENA tokens and the buyback program are expected to bolster confidence among investors and contribute to the long-term growth of the Ethena ecosystem. $ENA
#StablecoinX #ENA #CryptoNews #defi #altcoins
StablecoinX has raised an additional $530 million, bringing its total PIPE financing to $895 million. This capital will be used to acquire over 3 billion ENA tokens and support a $310 million buyback program. The initiative is part of a strategic move to list on Nasdaq under the ticker "USDE" and strengthen the Ethena ecosystem.
Key Highlights:
Total Capital Raised: $895 million (including $530M PIPE financing)
$ENA Tokens Acquired: Over 3 billion
Buyback Program: $310 million to enhance token value and liquidity
Nasdaq Listing: Plans to list under ticker "USDE"
Strategic Goal: Strengthen the Ethena ecosystem and institutional adoption
Market Impact:
The ENA token has experienced significant price movements following the announcement. As of the latest data, ENA is trading at approximately $0.73 USD, up by 10.55% in the past 24 hours. The buyback program aims to reduce circulating supply, potentially increasing scarcity and value.
Investor Insights:
This move positions StablecoinX as a significant player in the stablecoin and DeFi sectors. The acquisition of ENA tokens and the buyback program are expected to bolster confidence among investors and contribute to the long-term growth of the Ethena ecosystem. $ENA
#StablecoinX #ENA #CryptoNews #defi #altcoins
See original
Just saw this news, ena made a big move, in one sentence: StablecoinX, controlled by ena, went public through a shell listing, raising $360 million, of which $260 million is in cash and $100 million is in ENA discounted tokens, which is good for the price of ENA.
Why is it good? See below:
"Class A shares of StablecoinX will be issued at $10 per share. Each PIPE investor will receive a share of Class A stock based on the market value of ENA they invested."
✅ A simple translation into one sentence:
Investors exchange ENA for stock, with the stock price set at $10, but how much stock you can exchange depends on the market price of ENA at the time of investment.
Scenario 1: If ENA's price at that time is $1
1,000,000 ENA × $1 = $1,000,000;
$1,000,000 ÷ $10 = 100,000 shares;
👉 You will receive 100,000 shares.
Scenario 2: If ENA's price at that time is $2
1,000,000 ENA × $2 = $2,000,000;
$2,000,000 ÷ $10 = 200,000 shares;
👉 You will receive 200,000 shares!
Scenario 3: If ENA drops to $0.5
1,000,000 ENA × $0.5 = $500,000;
$500,000 ÷ $10 = 50,000 shares;
👉 You will only receive 50,000 shares.
✅ What does this indicate?
The more expensive ENA is, the more shares you can exchange;
So, if you are an investor, you definitely don't want ENA to drop in price;
You even hope that ENA rises, so that with the same amount of tokens, you can exchange for more shares!
$ENA #稳定币 #StablecoinX
Why is it good? See below:
"Class A shares of StablecoinX will be issued at $10 per share. Each PIPE investor will receive a share of Class A stock based on the market value of ENA they invested."
✅ A simple translation into one sentence:
Investors exchange ENA for stock, with the stock price set at $10, but how much stock you can exchange depends on the market price of ENA at the time of investment.
Scenario 1: If ENA's price at that time is $1
1,000,000 ENA × $1 = $1,000,000;
$1,000,000 ÷ $10 = 100,000 shares;
👉 You will receive 100,000 shares.
Scenario 2: If ENA's price at that time is $2
1,000,000 ENA × $2 = $2,000,000;
$2,000,000 ÷ $10 = 200,000 shares;
👉 You will receive 200,000 shares!
Scenario 3: If ENA drops to $0.5
1,000,000 ENA × $0.5 = $500,000;
$500,000 ÷ $10 = 50,000 shares;
👉 You will only receive 50,000 shares.
✅ What does this indicate?
The more expensive ENA is, the more shares you can exchange;
So, if you are an investor, you definitely don't want ENA to drop in price;
You even hope that ENA rises, so that with the same amount of tokens, you can exchange for more shares!
$ENA #稳定币 #StablecoinX
Foresight_News
--
Is this company the true stablecoin unicorn?
$260 million in cash will be used to buy ENA on the open market through a subsidiary of the Ethena Foundation.
Written by: Alex Liu, Foresight News
On the evening of July 21, Ethena's native token ENA briefly surged by 20% to reach 0.59 USDT due to the news that 'the treasury company plans to buy $260 million worth of ENA tokens,' setting a new high for the past six months and sparking market discussions. This article will detail the event and ENA's recent performance, analyze its potential impact on the Ethena project and the market, and evaluate the project's current status.
StablecoinX completes financing and seeks NASDAQ listing.
On the evening of July 21, Ethena announced that its subsidiary StablecoinX has reached a merger agreement with TLGY Acquisition Corp, planning to go public by merging and seeking to raise about $360 million in funding. Among them, the Ethena Foundation subscribed for $60 million, and other institutional investors include Dragonfly, Pantera Capital, Galaxy Digital, Wintermute, Polychain, Haun Ventures, etc.
Written by: Alex Liu, Foresight News
On the evening of July 21, Ethena's native token ENA briefly surged by 20% to reach 0.59 USDT due to the news that 'the treasury company plans to buy $260 million worth of ENA tokens,' setting a new high for the past six months and sparking market discussions. This article will detail the event and ENA's recent performance, analyze its potential impact on the Ethena project and the market, and evaluate the project's current status.
StablecoinX completes financing and seeks NASDAQ listing.
On the evening of July 21, Ethena announced that its subsidiary StablecoinX has reached a merger agreement with TLGY Acquisition Corp, planning to go public by merging and seeking to raise about $360 million in funding. Among them, the Ethena Foundation subscribed for $60 million, and other institutional investors include Dragonfly, Pantera Capital, Galaxy Digital, Wintermute, Polychain, Haun Ventures, etc.
Login to explore more contents