North American venture capital firms form ENA strategic reserve, plan to list on Nasdaq! CEO: Provides exposure to the third largest stablecoin issuer

avatar
ABMedia
07-23
This article is machine translated
Show original
Recently, the special purpose acquisition company TLGY announced the completion of an acquisition, establishing the third-largest stablecoin issuer Ethena's native token ENA asset reserve under the name StablecoinX. It is reported that the financing was completed with 260 million cash plus 100 million dollars of discounted ENA, with investors including Galaxy Digital, Dragonfly, Wintermute, Polychain, Ethena Foundation, etc. The company's CEO stated that traditional capital finds it difficult to expose ENA, and StablecoinX solves this pain point, planning to list on Nasdaq with the ticker USDE. [The rest of the translation follows the same professional and accurate approach, maintaining the original structure and meaning while translating to English.]

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments