StablecoinX has been listed on Nasdaq under the ticker USDE.

A new way has emerged to stake in the Ethena ecosystem without directly purchasing ENA and holding crypto—through a listing on Nasdaq. The merger deal with a SPAC has been closed. There’s approximately $275 million in ENA on the balance sheet (~3 billion tokens, ~20% of the total supply).

StablecoinX is developing infrastructure for USDe/USDtb, distribution services, and a strategy for accumulating ENA on the balance sheet.