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StablecoinX Inc. disclosed that it holds approximately 3 billion ENA tokens—about 20% of the token’s total supply—shortly after completing its merger with TLGY Acquisition and listing on Nasdaq under the ticker USDE. The New York-based company reported the position in its results for the quarter ended June 30.

3 Billion ENA Position

According to the company’s quarterly disclosure, StablecoinX controls a stake of roughly 3 billion ENA tokens. The holding represents about one-fifth of the token’s supply, underscoring a significant concentration of digital assets on the firm’s balance sheet.

Nasdaq Listing via SPAC Merger

StablecoinX began trading on Nasdaq as “USDE” on June 26, following the closing of its merger with special purpose acquisition company TLGY Acquisition. The transaction provided the company with a public listing route and came one day prior to the start of trading.

Key Dates and Figures

  • ENA holdings: approximately 3,000,000,000 (≈20% of supply)
  • Quarter reported: three months ended June 30
  • Public listing: Nasdaq, ticker USDE
  • Listing date: June 26
  • Transaction: merger with TLGY Acquisition
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