StablecoinX completes US$360 million in financing and launches ENA treasury strategy, planning to list on Nasdaq under the code "USDE"
According to online reports, stablecoin issuer StablecoinX announced that it has completed a US$360 million financing to acquire ENA tokens and plans to list Class A common shares on the Nasdaq Global Market under the stock code "USDE". Among them, the Ethena Foundation will contribute ENA tokens worth US$60 million. To launch the acquisition plan, StablecoinX will use the US$260 million in net cash from the financing (after deducting related expenses) to purchase locked ENA tokens from the Ethena Foundation subsidiaries.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
