TLGY & StablecoinX Secure $530M Additional PIPE for Ethena

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TLGY Acquisition Corp. and StablecoinX Assets Inc. Announce Additional $530 Million PIPE Financing and Strategic Advisory Board Formation

New York - September 5, 2025 - TLGY Acquisition Corp. (OTC: TLGYF), a special purpose acquisition company, and StablecoinX Assets Inc., a validator and infrastructure business supporting the Ethena ecosystem, have announced an additional $530 million in private investment in public equity (PIPE) financing. This new funding is in connection with their previously announced definitive agreement for a business combination, which will result in the combined entity being named StablecoinX Inc. Upon closing, StablecoinX Inc. is expected to list on Nasdaq under the ticker symbol "USDE".

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About StablecoinX Inc.

tablecoinX is a publicly traded company offering investors regulated, transparent exposure to the stablecoin economy through its strategic focus on Ethena, one of the world’s largest issuers of digital dollars. As stablecoins increasingly serve as foundational infrastructure for global payments, decentralized finance, and digital capital markets, StablecoinX is positioned at the center of this structural shift. The Company’s operating business develops and delivers infrastructure software and services purpose-built to advance and scale the Ethena ecosystem. By combining the accessibility of a public market vehicle with deep operational integration into the stablecoin sector, StablecoinX gives traditional investors a direct, regulated path into one of the fastest-growing segments of global finance.

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