StablecoinX Secures $530M for Digital Asset Acquisition

StablecoinX has secured a major funding round of $530 million to acquire digital assets ahead of its anticipated Nasdaq debut. This strategic move, through a merger with TLGY Acquisition Corp., significantly strengthens the company’s position within the crypto market. The investment will be used to purchase ENA tokens, enhancing their financial strength and ecosystem impact. The deal creates StablecoinX Inc., led by CEO Young Cho, who emphasizes that this financing enables a long-term ENA accumulation strategy for transparent public market access.