StablecoinX hits Nasdaq as Ethena’s USDe supply keeps shrinking
StablecoinX starts Nasdaq trading under USDE after its TLGY merger, holding $275m in ENA tokens tied to Ethena’s stablecoin ecosystem.
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StablecoinX starts Nasdaq trading under USDE after its TLGY merger, holding $275m in ENA tokens tied to Ethena’s stablecoin ecosystem.
StablecoinX's Nasdaq debut highlights growing institutional interest in DeFi, but its reliance on ENA tokens poses significant financial risks. The post StablecoinX debuts on Nasdaq, betting big on Ethena’s ecosystem with $890M war chest appeared first on Crypto Briefing.
USDe circulating supply has shrunk by 70% since the October bull market peak, when it topped $14 billion.