Crypto
StablecoinX makes Nasdaq debut, bets on Ethena ecosystem
Stablecoin infrastructure firm StablecoinX will begin trading on Nasdaq on June 26 local time after completing a merger with TLGY Acquisition. The company focuses on supporting the Ethena ecosystem through decentralised validator nodes and software infrastructure, calling itself the first listed stablecoin infrastructure firm focused on Ethena. Ethena’s USDe holds about 1.4 percent of the stablecoin market. StablecoinX holds about 3 billion ENA tokens valued at about $275 million.
