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StablecoinX
@stablecoin_x
Building Stablecoin Infrastructure at Scale (Nasdaq: $USDE)
Joined July 2025
20 Following    6.1K Followers
Yesterday after the close we filed an S-1 registering the shares underlying existing warrants and the resale of certain shares issued in the business combination with TLGY and held by the prior SPAC sponsors. This is not a new capital raise and no new shares are being issued today. As described in the S-1, if all warrants are exercised for cash, StablecoinX would receive approximately $235 million, which may be used to acquire additional ENA token or for general corporate purposes. While no decision has been made yet on how such cash will be used if received, deploying it to acquire additional ENA tokens would represent the purchase of 1.5b ENA tokens at current market prices of $0.16, or an additional 10% of total ENA supply. S-1 filing:
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