$ENA is about to kick off its first "DeFi MicroStrategy." Through StablecoinX, PIPE has raised $360M, with $260M set to be used immediately to buy ENA reserves—expected to be completed within 6 weeks, at around $5M per day. Meanwhile, StablecoinX plans to go public on the US stock market in the next 3 months. Who would’ve thought the bridge between DeFi and CeFi would look like this? Four years ago, this would’ve sounded totally insane. Maybe we’ll see the next big move even sooner than we think.
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Ethena Labs
@ethena_labs
07-21
StablecoinX Inc. @stablecoin_x has announced a $360 million capital raise to purchase $ENA and will seek to list its Class A common shares on the Nasdaq Global Market under the ticker symbol "USDE", which includes a $60 million contribution of ENA from the Ethena Foundation
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