StablecoinX Inc. marks a milestone on Wall Street by officially beginning to trade on the Nasdaq Capital Market under the ticker USDE. This debut comes after the successful completion of its merger with the SPAC TLGY Acquisition Corp., becoming the first public company specifically structured around the synthetic stablecoin Ethena ecosystem.
StablecoinX Inc. now trades on @Nasdaq under the ticker $USDE.
A regulated, transparent path into the @Ethena ecosystem and the broader stablecoin economy, combining a public-market vehicle with deep
operational integration into the sector.Nasdaq: $USDE pic.twitter.com/hHqgsjMKaH
— StablecoinX (@stablecoin_x) June 26, 2026
The move represents a crucial bridge between traditional finance and cryptocurrencies, as StablecoinX controls 20% of the total supply of ENA tokens. Backed by $890 million in PIPE financing, the firm will not only operate as an institutional custodian but will also deploy key infrastructure such as decentralized verification nodes and its Stablecoin Harness software suite.
From now on, the market will closely evaluate the correlation between USDE shares and the real value of the ENA treasury. The next step for investors will be to monitor the revenue generated by its institutional distribution services to determine the long-term success of this financial vehicle.
Source: https://x.com/stablecoin_x/status/2070484846888239556Â
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