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Ethena Labs Announces $360 Million PIPE Deal for StablecoinX and Plans to Establish ENA Treasury Company

Ethena Labs Announces $360 Million PIPE Deal for StablecoinX and Plans to Establish ENA Treasury Company

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星球日报星球日报2025/07/21 13:48

Odaily Planet Daily reported that, according to official sources, Ethena Labs has announced a $360 million PIPE transaction for StablecoinX. At the same time, its foundation has launched a $260 million ENA open market buyback program to support the establishment of ENA reserves.
In addition, StablecoinX will seek to list on Nasdaq under the ticker symbol "USDE".

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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