StablecoinX Reports Q2 2026 Results and ENA Treasury

New York, NY, USA - StablecoinX Inc. (Nasdaq: USDE), the first public stablecoin infrastructure company focusing on the Ethena digital dollar ecosystem, reported its financial and operational results for the fiscal quarter ended June 30, 2026. The company successfully completed its business combination with TLGY Acquisition Corporation, with its Class A common stock and warrants beginning to trade on Nasdaq under the symbols USDE and USDEW.

During the quarter, StablecoinX built a significant ENA treasury of approximately 3.0 billion tokens, contributed by the Ethena Foundation and PIPE investors. Total assets reached $232.6 million as of June 30, 2026, which included $18.9 million in cash and cash equivalents alongside $212.9 million in digital intangible assets. The company reported a net loss of $34.2 million for the second quarter, largely driven by the impairment of digital intangible assets, while achieving an adjusted non-GAAP net loss of $188,204.

Key Highlights

• Completed the business combination with TLGY Acquisition Corporation on June 25, 2026.
• Accumulated an ENA treasury of approximately 3.0 billion tokens valued at $218.4 million at the end of the quarter.
• Decentralized Verifier Node surpassed $3.0 billion in cumulative verified cross-chain volume.
• Launched the initial phase of the StablecoinX Harness middleware platform in early July 2026.