$USDE

StablecoinX said its cross-chain infrastructure surpassed $3 billion in cumulative verified volume, with its DVN verifying and delivering over 10,000 messages as of Aug. 12. After its June 25 business combination with TLGY Acquisition, shares began trading on Nasdaq as USDE. The firm reported $62,372 in Infrastructure Services revenue in late June and held about 3 billion ENA tokens worth about $218.4 million at June 30.

StablecoinX, a Nasdaq-listed SPAC, raised $530M via a PIPE backed by Brevan Howard Digital, IMC Trading, Susquehanna Crypto and YZi Labs, adding to prior $360M commitments. It plans to buy discounted locked ENA tokens tied to Ethena and has about 3B ENA tokens. For quarter ended June 30, ENA holding valued at $218.4M ($9.09 per Class A share).

StablecoinX, which trades on Nasdaq as USDE, said it holds about 3 billion ENA tokens, worth over $250 million at current prices, and that it is a 20% holder of ENA supply. The company reported a $34.2 million Q2 net loss, mainly from $36.2 million digital asset impairments. Shares rose about 12% after the disclosure.

StablecoinX, a Nasdaq-listed treasury vehicle tied to Ethena, says it holds about 3.029 billion ENA tokens, around 20% of ENA’s 15 billion supply. The company reports total assets of about $232.6 million, versus roughly $275 million at SPAC close. StablecoinX formed via a SPAC merger around June 25, 2026, funded by a $360 million PIPE and a $60 million ENA contribution from the Ethena Foundation.

StablecoinX Inc. (Nasdaq: USDE) reported results for the quarter ended June 30, 2026. It completed a business combination with TLGY Acquisition Corporation on June 25 and began trading on Nasdaq on June 26. The company said its ENA treasury is about 3.0 billion tokens, and total assets were $232.6 million, including $18.9 million cash.

StableCoinX Inc. (USDE) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 ea030188301ex99-1.htm PRESS RELEASE, DATED AUGUST 14, 2026 Exhibit 99.1 StablecoinX Inc. Continues to Build On the Ethena Ecosystem, Reports ENA Treasury of Approximately 3.0 Billion Tokens at end of Second Quarter 2026 New York, NY – August 14, 2026 – StablecoinX Inc.

StablecoinX Inc. (Nasdaq: USDE) reported a Q2 2026 net loss of $34.2M, including $36.2M impairment on digital intangible assets. It said it built an ENA treasury of about 3.0B tokens valued at $218.4M as of June 30, 2026, with total assets of $232.6M and $18.9M cash. It also cited $62,372 infrastructure revenue and DVN cross-chain volume over $3.0B.

StableCoinX (NASDAQ:USDE) shares rose about 100% in premarket to $4.17, according to Benzinga Pro. The company launched StablecoinX Harness, a platform to help businesses and financial institutions integrate major stablecoins, accept them, and earn staking rewards, aiming to reduce engineering effort and speed adoption.

StablecoinX Inc. (Nasdaq: USDE) said it launched StablecoinX Harness, a middleware platform to help organizations integrate major stablecoins by converting/holding them as sUSDe for staking rewards and routing payments to preferred destinations. The initial release supports same-chain swaps and cross-chain transfers, with later features planned. CEO Edward Chen linked the launch to USDe adoption in Ethena’s ecosystem.

StableCoinX Inc. (USDE) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. EX-2.4 2 ea029621001ex2-4.htm PLAN OF MERGER Exhibit 2.4 The Companies Act (As Revised) of the Cayman Islands Plan of Merger This plan of merger (the “ Plan of Merger ”) is made on June 25, 2026 between TLGY Acquisition Corporation (the “ Surviving Company ”) and StableCoinX SPAC