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