[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  GHAEX [@ghaexchange](/creator/twitter/ghaexchange) on x 6075 followers Created: 2025-07-22 07:00:04 UTC 🏦 StablecoinX to Go Public via SPAC Merger, Raising $360M to Power Ethena’s $ENA Treasury Strategy StablecoinX, a newly formed treasury infrastructure firm within the Ethena ecosystem, is set to go public through a SPAC merger with TLGY Acquisition Corp., targeting a $XXX million capital raise. The merged company will list on Nasdaq under the ticker $USDE. This move is designed to reinforce Ethena’s decentralized financial framework by enhancing the utility and backing of its native stablecoin USDe and governance token $ENA. 💰 $XXX Million Deal Structure The SPAC deal includes: ▫️$260 million in cash ▫️$100 million in locked and discounted $ENA tokens The raised funds will support a significant $ENA token buyback and lock-up program, with $X million allocated daily over the next six weeks. This program is expected to absorb nearly X% of the circulating ENA supply, strengthening treasury reserves and long-term price stability. 📊 Institutional Support & Market Standing USDe is now the third-largest on-chain stablecoin, with a market cap of approximately $XXX billion, behind $USDT and $USDC. The initiative is backed by leading firms such as Pantera Capital, Galaxy Digital, Dragonfly, Polychain, and Ribbit Capital. 🌍 Why It Matters This development positions StablecoinX as a pioneering public crypto treasury firm, combining DeFi innovation with TradFi accessibility. It reflects rising institutional confidence in on-chain stablecoin economies and the evolving demand for regulatory clarity and transparency. The public listing of StablecoinX offers traditional investors exposure to the stablecoin sector and enhances legitimacy across global markets. 🗓️ Expected Timeline The transaction is set to close in Q4 2025, officially launching StablecoinX Inc. on the Nasdaq, and marking a major milestone in the intersection of stablecoins, treasury models, and public markets. #StablecoinX #USDE #ENA #Ethena #CryptoTreasury #SPAC #Nasdaq #USDT #USDC #DeFi #Web3 #CryptoNews #TokenBuyback #CryptoInnovation #BlockchainFinance #Stablecoins XX engagements  **Related Topics** [ena](/topic/ena) [$usde](/topic/$usde) [ticker](/topic/ticker) [nasdaq](/topic/nasdaq) [acquisition](/topic/acquisition) [$360m](/topic/$360m) [corporate finance](/topic/corporate-finance) [$ena](/topic/$ena) [Post Link](https://x.com/ghaexchange/status/1947552204966985782)
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GHAEX @ghaexchange on x 6075 followers
Created: 2025-07-22 07:00:04 UTC
🏦 StablecoinX to Go Public via SPAC Merger, Raising $360M to Power Ethena’s $ENA Treasury Strategy
StablecoinX, a newly formed treasury infrastructure firm within the Ethena ecosystem, is set to go public through a SPAC merger with TLGY Acquisition Corp., targeting a $XXX million capital raise. The merged company will list on Nasdaq under the ticker $USDE.
This move is designed to reinforce Ethena’s decentralized financial framework by enhancing the utility and backing of its native stablecoin USDe and governance token $ENA.
💰 $XXX Million Deal Structure The SPAC deal includes:
▫️$260 million in cash
▫️$100 million in locked and discounted $ENA tokens
The raised funds will support a significant $ENA token buyback and lock-up program, with $X million allocated daily over the next six weeks. This program is expected to absorb nearly X% of the circulating ENA supply, strengthening treasury reserves and long-term price stability.
📊 Institutional Support & Market Standing
USDe is now the third-largest on-chain stablecoin, with a market cap of approximately $XXX billion, behind $USDT and $USDC.
The initiative is backed by leading firms such as Pantera Capital, Galaxy Digital, Dragonfly, Polychain, and Ribbit Capital.
🌍 Why It Matters
This development positions StablecoinX as a pioneering public crypto treasury firm, combining DeFi innovation with TradFi accessibility. It reflects rising institutional confidence in on-chain stablecoin economies and the evolving demand for regulatory clarity and transparency.
The public listing of StablecoinX offers traditional investors exposure to the stablecoin sector and enhances legitimacy across global markets.
🗓️ Expected Timeline
The transaction is set to close in Q4 2025, officially launching StablecoinX Inc. on the Nasdaq, and marking a major milestone in the intersection of stablecoins, treasury models, and public markets.
#StablecoinX #USDE #ENA #Ethena #CryptoTreasury #SPAC #Nasdaq #USDT #USDC #DeFi #Web3 #CryptoNews #TokenBuyback #CryptoInnovation #BlockchainFinance #Stablecoins
XX engagements
Related Topics ena $usde ticker nasdaq acquisition $360m corporate finance $ena