StablecoinX Completes SPAC Merger and Lists on Nasdaq

NEW YORK, NY. StablecoinX Inc. (Nasdaq: USDE) has officially announced the completion of its business combination with TLGY Acquisition Corp. Following the closing of this transaction, the company will begin trading its Class A common stock and public warrants on the Nasdaq Capital Market under the ticker symbols USDE and USDEW, starting June 26, 2026.

As the first public stablecoin infrastructure company, StablecoinX is dedicated to supporting the Ethena ecosystem. The company manages a treasury of approximately 3 billion ENA tokens, valued at roughly 275 million dollars. This treasury is designed to secure the company's Decentralized Verifier Node (DVN) operations, which verify cross-chain messages for the Ethena ecosystem.

Key Highlights:

• Completed business combination with TLGY Acquisition Corp.
• Commencement of trading on Nasdaq under ticker USDE.
• Strategic focus on infrastructure services, middleware, and distribution for the Ethena ecosystem.
• Approximately 3 billion ENA tokens held in treasury, representing about 20 percent of the total ENA supply.

The company operates through three primary pillars: Infrastructure Services, which involves live DVN operations; the Stablecoin Harness, a forthcoming middleware software stack; and Distribution Services, aimed at facilitating institutional adoption of digital dollar products. Through these business lines, StablecoinX aims to provide a regulated and transparent gateway for investors to access the stablecoin economy.