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AsMailarun Avatar Arun ⚡️ @AsMailarun on x XX followers Created: 2025-07-26 07:24:29 UTC

#Ethena Labs’ parent company is going public via a $XXX million SPAC deal with TLGY Acquisition Corp., forming a new entity called StablecoinX Inc. that will list on Nasdaq under the ticker symbol “USDE” by late 2025. The #EthenaFoundation will use the $XXX million cash portion for a six-week open market buyback of $ENA tokens at a daily rate of approximately $X million, targeting about X% of the circulating supply by September. Major crypto investors, including Arthur Hayes, have shown strong support, which coincided with a XX% surge in $ENA price.

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Related Topics ena ticker nasdaq acquisition ipo arun $ena coins defi

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