StablecoinX to Begin Nasdaq Trading on June 26 After SPAC Merger, Holding 3 Billion ENA

StablecoinX will begin trading on Nasdaq starting today, June 26, after listing through a merger with SPAC TGLY. According to NS3.AI, the company holds approximately three billion ENA. The ENA position represents 20% of the token’s total supply and is valued at $275 million. The report describes StablecoinX as an Ethena infrastructure firm.