StablecoinX and TLGY have secured a massive $530 million in funding to accelerate their ENA strategy and prepare for a highly anticipated Nasdaq listing. This investment will support the companies’ plans to expand within the Ethena ecosystem, utilizing a combination of recent growth and strategic acquisitions. 14% of circulating ENA tokens are now controlled by StablecoinX, setting the stage for significant future impact. The capital was raised through a private investment in public equity (PIPE) deal, with shares priced at $10 attracting institutional investors. This funding allows StablecoinX to solidify its position as a leading force within the Ethena ecosystem, with over 3 billion ENA tokens planned for acquisition upon the merger.