StablecoinX Begins Trading on Nasdaq Under Ticker USDE With $275 Million Crypto Treasury on June 26

StablecoinX began trading on Nasdaq on June 26, 2026 under ticker USDE, completing its merger with TLGY Acquisition. The synthetic stablecoin company brought a $275 million crypto treasury to public markets, marking a significant institutional entry point into the Ethena digital dollar ecosystem.

The company holds approximately 3.029 billion ENA tokens, representing roughly 20% of ENA's circulating supply. Ethena currently manages $5.4 billion in assets across USDe and USDtb, with the latter backed by BlackRock's BUIDL fund. StablecoinX will operate a decentralized verifier node authenticating cross-chain communications and plans to launch the Stablecoin Harness middleware platform integrating payment routing, liquidity management, and compliance infrastructure.