Close Menu
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
What's Hot

X Layer Mainnet Upgrade Underway, Services Temporarily Suspended

October 27, 2025

Bitcoin Price Might Never Fall Below $100,000 Again

October 27, 2025

Solana ETF launch prospects rise as Bitwise gets NYSE OK

October 27, 2025
Facebook X (Twitter) Instagram
Monday, October 27 2025
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
Facebook X (Twitter) Instagram
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
StreamLineCrypto.comStreamLineCrypto.com

StablecoinX Secures $530M Investment o Back Ethena-Linked Treasury

September 6, 2025Updated:September 7, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
StablecoinX Secures 0M Investment o Back Ethena-Linked Treasury
Share
Facebook Twitter LinkedIn Pinterest Email
ad



StablecoinX Secures $530M Investment o Back Ethena-Linked Treasury

Stablecoin X Property Inc. and TLGY Acquisition Corp. have introduced they secured $530 million in new non-public funding in public fairness (PIPE) financing, increasing their battle chest to $890 million.

The increase comes because the companies put together to merge and record on the Nasdaq below the StablecoinX title below the ticker “USDE.” The funds will assist a long-term treasury technique constructed round Ethena’s ENA token.

StablecoinX is anticipated to carry greater than 3 billion ENA, the businesses mentioned, including that the corporate is anticipated to be the primary devoted treasury car for the stablecoin protocol.

Traders embrace Brevan Howard, Susquehanna Crypto, and IMC Buying and selling, alongside repeat backers Dragonfly and ParaFi.

The Ethena Basis is matching the hassle with a contemporary $310 million buyback program, bringing complete introduced purchases to $570 million. Proceeds will probably be used to accumulate ENA on public markets.

To align their technique with market construction, StablecoinX shaped a brand new advisory board chaired by Rob Hadick of Dragonfly.

The board will concentrate on governance, partnerships, and long-term shareholder worth as the corporate hyperlinks public fairness capital with Ethena’s token financial system. The deal is slated to shut within the fourth quarter.

In the meantime, ArkStream Capital has introduced it invested $10 million in Ethena Labs, constructing on an preliminary $5 million funding made late final yr.





Source link

ad
530M EthenaLinked investment secures StablecoinX Treasury
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Related Posts

X Layer Mainnet Upgrade Underway, Services Temporarily Suspended

October 27, 2025

Bitcoin Price Might Never Fall Below $100,000 Again

October 27, 2025

Solana ETF launch prospects rise as Bitwise gets NYSE OK

October 27, 2025

XRP News: BlackRock, Nasdaq, And Bloomberg Head To Ripple Swell, Here’s The Full List

October 27, 2025
Add A Comment
Leave A Reply Cancel Reply

ad
What's New Here!
X Layer Mainnet Upgrade Underway, Services Temporarily Suspended
October 27, 2025
Bitcoin Price Might Never Fall Below $100,000 Again
October 27, 2025
Solana ETF launch prospects rise as Bitwise gets NYSE OK
October 27, 2025
XRP News: BlackRock, Nasdaq, And Bloomberg Head To Ripple Swell, Here’s The Full List
October 27, 2025
How High Can XRP Price Go in November?
October 27, 2025
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
© 2025 StreamlineCrypto.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.