StablecoinX Raises an Additional $530 Million… Nasdaq Listing Planned

Suehyeon Lee

Summary

StablecoinX said it raised an additional $530 million.
It secured a total of $890 million in fundraising and said it will hold more than 3 billion ENA tokens after the merger.
StablecoinX is pursuing a Nasdaq listing, with the ticker expected to be registered as USDE.

It was reported that StablecoinX, an Eterna (ENA) infrastructure company that is merging with special purpose acquisition company (SPAC) TLGY Acquisition, has raised an additional $530 million.

On the 6th (local time), Cointelegraph reported that StablecoinX raised an additional $530 million, bringing its total fundraising to $890 million.

Once the merger process is complete, StablecoinX will hold more than 3 billion native ENA tokens. It is also expected to be listed on Nasdaq under the ticker USDE.

ENA