StablecoinX Secures $530 Million to Fuel Nasdaq Merger and ENA Token Buybacks

StablecoinX has secured a significant $530 million funding round through a PIPE deal, paving the way for its upcoming merger with TLGY on the Nasdaq. This strategic move significantly impacts the ENA token’s ecosystem, facilitating both buyback programs and potential market liquidity expansion. 💰 📈 🏛️ StablecoinX will join forces with TLGY to form a combined $890 million entity focused on Ethena stablecoins, specifically USDe and USDtb. This partnership opens doors for large-scale acquisitions of ENA tokens, driving stability within the Ethena ecosystem and boosting market confidence.