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T4Trader

09/07 07:32

StablecoinX Raises $890 Million to Build Massive

StablecoinX Raises $890 Million to Build Massive Ethena Token Treasury
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A major financial deal just shook the cryptocurrency world. StablecoinX and TLGY Acquisition Corp. secured $890 million in total funding to create the largest treasury focused on Ethena's ENA tokens. This marks one of the biggest investments in the stablecoin sector this year.

The companies raised an additional $530 million through a private investment deal, bringing their total commitments to $890 million. Once merged, the new company will hold over 3 billion ENA tokens and become the first dedicated treasury business for the Ethena ecosystem.

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