{"id":46120,"date":"2025-09-06T16:16:54","date_gmt":"2025-09-06T16:16:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=46120"},"modified":"2025-09-06T16:16:54","modified_gmt":"2025-09-06T16:16:54","slug":"stablecoinx-secures-530m-investment-to-back-ethena-linked-treasury","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=46120","title":{"rendered":"StablecoinX Secures $530M Investment to Back Ethena-Linked Treasury"},"content":{"rendered":"<div>\n<p>Stablecoin X Assets Inc. and TLGY Acquisition Corp. have announced they secured $530 million in new private investment in public equity (PIPE) financing, expanding their war chest to $890 million.<\/p>\n<p>The raise comes as the firms prepare to merge and list on the Nasdaq under the StablecoinX name under the ticker \u201cUSDE.\u201d The funds <a href=\"https:\/\/www.businesswire.com\/news\/home\/20250905713395\/en\/TLGY-Acquisition-Corp.-and-StablecoinX-Assets-Inc.-Announce-Additional-%24530-Million-in-PIPE-Financing-and-Creation-of-New-Strategic-Advisory-Board\">will support <\/a>a long-term treasury strategy built around Ethena\u2019s ENA token.<\/p>\n<p>StablecoinX is expected to hold more than 3 billion ENA, the companies said, adding that the company is expected to be the first dedicated treasury vehicle for the stablecoin protocol.<\/p>\n<p>Investors include Brevan Howard, Susquehanna Crypto, and IMC Trading, alongside repeat backers Dragonfly and ParaFi.<\/p>\n<p>The Ethena Foundation is matching the effort with a fresh $310 million buyback program, bringing total announced purchases to $570 million. Proceeds will be used to acquire ENA on public markets.<\/p>\n<p>To align their strategy with market structure, StablecoinX formed a new advisory board chaired by Rob Hadick of Dragonfly.<\/p>\n<p>The board will focus on governance, partnerships, and long-term shareholder value as the company links public equity capital with Ethena\u2019s token economy. The deal is slated to close in the fourth quarter.<\/p>\n<p>Meanwhile, ArkStream Capital has announced it<a href=\"https:\/\/x.com\/ark_stream\/status\/1963960528998424679?s=46&amp;t=MinqDUhnUSBug4luNW3jFg\"> invested $10 million in Ethena Labs<\/a>, building on an initial $5 million investment made late last year.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Stablecoin X Assets Inc. and TLGY Acquisition Corp. have announced they secured $530 million in new private investment in public equity (PIPE) financing, expanding their war chest to $890 million. The raise comes as the firms prepare to merge and list on the Nasdaq under the StablecoinX name under the ticker \u201cUSDE.\u201d The funds will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-46120","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/46120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46120"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/46120\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}