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StablecoinX is raising $360 million to acquire ENA tokens and support the Ethena ecosystem, with plans to go public on Nasdaq. The move aims to strengthen Ethena’s decentralized stablecoin model while keeping strategic control internal.
- StablecoinX will acquire $360M in ENA tokens, with $60M contributed directly by the Ethena Foundation.
- The company plans to go public via a SPAC merger and trade on Nasdaq under 'USDE,' retaining voting control via Class B shares.
- Ethena’s ecosystem is growing with integrations into TON and BNB Chain, offering yield-generating assets and streamlined DeFi access.
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