TREE NEWS reports: StablecoinX, a public company, disclosed holding 3 billion ENA tokens worth $218 million, representing about 20% of the total supply. The company, which began trading under USDE on June 26 after merging with TLGY Acquisition, reported a quarterly loss of $34.2 million including a $36.2 million ENA impairment. Its infrastructure revenue and Ethena’s USDe supply growth highlight ongoing DeFi expansion.
StablecoinX Holds $218M ENA, ~20% of Supply
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