#stablecoinx

StablecoinX closes its SPAC merger with TLGY and lists on NASDAQ as the first public company built on the Ethena stablecoin ecosystem. StablecoinX has officially closed its business combination with TLGY Acquisition Corp.  The combined company marks a key milestone in crypto capital markets. It is now the first publicly traded pure-play stablecoin infrastructure company.  […] The post StablecoinX Goes Public as First Ethena Infrastructure Company appeared first on Live Bitcoin News.

StablecoinX starts Nasdaq trading under USDE after its TLGY merger, holding $275m in ENA tokens tied to Ethena’s stablecoin ecosystem.

StablecoinX's Nasdaq debut highlights growing institutional interest in DeFi, but its reliance on ENA tokens poses significant financial risks. The post StablecoinX debuts on Nasdaq, betting big on Ethena’s ecosystem with $890M war chest appeared first on Crypto Briefing.

USDe circulating supply has shrunk by 70% since the October bull market peak, when it topped $14 billion.