Reported 1 day ago
StablecoinX has secured $530 million in new funding through private investment in public equity (PIPE) financing, boosting its total resources to $890 million. This investment supports their upcoming merger and Nasdaq listing under the ticker 'USDE,' and is aimed at establishing a treasury strategy centered around Ethena's ENA token, positioning the company as a key player in the stablecoin market.
Source: YAHOO