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StablecoinX completes $360 million financing and launches ENA treasury strategy to list on NASDAQ under the symbol "USDE"

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2025-07-21 15:26:52
StablecoinX, a stablecoin issuer, announced the completion of a $360 million financing round to acquire ENA tokens and plans to list Class A common stock on the Nasdaq Global Market under the ticker "USDE". The Ethena Foundation will contribute $60 million worth of ENA tokens.
In order to initiate the acquisition program, StablecoinX will use the net cash of $260 million obtained from the financing (after deducting related expenses) to purchase the locked ENA tokens from the Ethena Foundation subsidiary.
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