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This Public Company Quietly Controls 20% of Ethena’s ENA Supply

News.Bitcoin.com
This Public Company Quietly Controls 20% of Ethena’s ENA Supply

StablecoinX Inc. emerged from its Nasdaq merger with about 3 billion ENA tokens, a position equal to roughly 20% of the token’s supply. The New York company disclosed the stake with results for the quarter ended June 30. StablecoinX started trading as USDE on June 26, one day after closing its merger with TLGY Acquisition […]

Key Takeaways

  1. emerged from its Nasdaq merger with about 3 billion ENA tokens, a position equal to roughly 20% of the token’s supply.
  2. The New York company disclosed the stake with results for the quarter ended June 30.
  3. StablecoinX started trading as USDE on June 26, one day after closing its merger with TLGY Acquisition […]
Read Full Article on News.Bitcoin.com

Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.