Stablecoinx and TLGY Acquisition collected additional $ 530 million to extend digital asset assets, pushing total commitments to $ 890 million before a planned NASDAQ list.
The funding comes from a pipe agreement (private investment in public equity), pricing actions at $ 10 each, with a product in part used to acquire ENA tokens locked at a reduced price of an affiliate of the Foundation.
Stablecoinx to have 3b ENA as the first cash flow company in Ethena
The merged entity, which will be named Stablecoinx Inc., will hold more than 3 billion ENA, the native asset of the Ethena protocol, making it the first cash flow company dedicated to the Ethena ecosystem.
Ethena emits USDE and USDTB synthetic stables, supported not by Fiat reserves but a Delta neutral coverage model designed to maintain stability while capturing yield from cryptographic markets.
The donors of the Tour des Pipe include Yzi Labs, Brevan Howard, Susquehanna Crypto and IMC Trading, alongside investors returning Dragonfly, Parafi Capital, Maven11, Kingsway, Mirana and Haun Ventures.
Marc Piano, director of the Ethena Foundation, said that the additional capital “would strengthen the resilience of ecosystems, deepen the liquidity ENA and support the sustainable growth of USDE, USDTB and Futures Ethena products”.
The announcement is based on a file of July 21 which detailed the initial pipe engagement of $ 360 million and an ENA takeover of $ 260 million.
According to Binance Research, the USDE has become the fastest stable to cross $ 10 billion in offers, reaching $ 12.6 billion in September, faster than the USDT de Tether and the Circle USDC.
Ethena is now classified as the third stablecoin transmitter, dragging only the attachment and the circle. Data on the token terminal show a 31% increase in the USDE supply in the past month, while cumulative income exceeded $ 500 million by August.
Weekly profits have recently exceeded $ 13 million, widely driven by market demand and the protocol yield structure.
Meanwhile, the USDTB, the Stablecoin of Fiat d’Ethena, is being drawn up as part of the compliance of the Act on Engineering, signed by President Trump on July 18.
The Ethena foundation based in Switzerland continues to supervise the governance of the protocol and the expansion of ecosystems.
The act of genius defended by Trump increases the push for the stables of the dollar
The recent adoption of the Act on Engineering, signed by President Trump, aims to cement the domination of the dollar by supporting the stablecoins of the dollar in the world markets.
The Treasury Department expects the stable market to exceed 2 billions by 2028, a projection which puts more emphasis on liquidity, interoperability and regulatory alignment through the ecosystem. Tether’s latest movement underlines a pragmatic change towards this future.
As indicated, Ripple CEO Brad Garlinghouse said that the Stablescoin sector was ready for explosive growth, projecting the market could ball of its current capitalization of $ 250 billion up to 2 dollars in the near future.
“Many people think that he will reach $ 1 to 2 billion in a handful of years,” said Garlinghouse, adding that Ripple is positioned to benefit from this trajectory.
Meanwhile, Western Union is positioned for a new digital transformation phase, signaling a strong interest in using stalins to modernize its global operations on funding.
The CEO Devin McGranahan explained how stablecoins could rationalize cross -border transfers, improve the conversion of currencies in poorly served markets and provide financial tools for populations with unstable local currencies.
Post Stablecoinx guarantees $ 530 million to buy digital assets before Nasdaq started first on Cryptonews.
