StablecoinX Inc.

StablecoinX Inc. (Nasdaq: USDE) is a publicly traded stablecoin infrastructure company that provides investors with regulated exposure to the stablecoin economy, primarily through its strategic focus on Ethena, a major issuer of digital dollars. The company's operating business develops and delivers infrastructure software and services designed to advance and scale the Ethena ecosystem. StablecoinX aims to bridge traditional capital markets and the Ethena protocol by creating distribution channels for USDe, building infrastructure software, and implementing a treasury strategy centered on accumulating ENA, Ethena's governance token. StablecoinX's business is built around three interconnected pillars: Infrastructure Services (currently live), stablecoin middleware software ("Stablecoin Harness"), and Distribution Services. The company operates a Decentralized Verifier Node (DVN) for the Ethena ecosystem across various blockchain networks. StablecoinX is also developing a distribution business to facilitate the adoption of Ethena's digital dollar products among traditional financial institutions, asset managers, and investors. The company holds a significant treasury of ENA tokens, representing approximately 20% of the total ENA supply. This positions StablecoinX to capitalize on the growing stablecoin market by providing unified access to Ethena's ecosystem. Sources: [1] https://www.globenewswire.com/news-release/2026/06/25/3317962/0/en/stablecoinx-inc-announces-closing-of-business-combination-with-tlgy-acquisition-corp-and-commencement-of-trading-on-nasdaq.html [2] https://cryptobriefing.com/stablecoinx-nasdaq-debut-ethena-ecosystem/ [3] https://en.bloomingbit.io/feed/news/115068 [4] https://www.valuethemarkets.com/cryptocurrency/news/understanding-stablecoinxs-nasdaq-listing-and-its-implications-for-investors [5] https://www.kucoin.com/news/flash/stablecoinx-completes-spac-merger-lists-on-nasdaq-as-usde [6] https://www.stocktitan.net/news/USDE/ [7] https://pluang.com/en/news-feed/stablecoinx-mulai-perdagangan-nasdaq-dengan-holding-ena-275juta-setelah-merger