StablecoinX Lists on Nasdaq as First Public ENA Treasury Vehicle With $890M War Chest

StablecoinX commenced trading on Nasdaq as the first publicly listed Ethena treasury vehicle, backed by an $890 million war chest from its SPAC combination with TLGY Acquisition Corp. The debut occurred alongside a reported 70% contraction in USDe supply within the broader Ethena ecosystem.

📈 Nasdaq trading confirmed live today; $890M war chest figure and 70% USDe supply contraction context added.