StablecoinX Invests $890 Million in Ethena’s ENA Token, Bolstering DeFi Ecosystem

StablecoinX Assets Inc. has secured a significant $890 million investment to acquire Ethena ENA tokens, according to Cointelegraph. This financing is backed by both new and existing investors, including a strategic advisory board, further fueling StablecoinX’s strategy for expanding exposure to the Ethena stablecoin ecosystem. The investment promises significant capital inflows that will impact market dynamics.