StablecoinX Raises $530 Million, Eyes Dominant Position in the ENA Ecosystem

StablecoinX, a leading infrastructure company within the Ethena ecosystem, has secured a substantial $530 million funding round. This investment brings the firm’s total capital raised to an impressive $890 million, solidifying its position as a key player in the stablecoin market. The injection of funds will fuel the development of StablecoinX’s ambitious plans for expanding and integrating with the ENA ecosystem, aiming for a dominant market share.