---
title: "Ethena launches StablecoinX as ENA climbs 8% and USDe supply crosses $6B"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/249461869.md"
description: "The Ethena Foundation is making a bold push into the public markets by creating a new stablecoin-focused treasury firm, StablecoinX Inc. According to a July 21 statement, the company will go public through a merger with TLGY Acquisition Corp. source:"
datetime: "2025-07-21T20:00:55.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/249461869.md)
  - [en](https://longbridge.com/en/news/249461869.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/249461869.md)
generator: "portal-rs"
---

# Ethena launches StablecoinX as ENA climbs 8% and USDe supply crosses $6B

The Ethena Foundation is making a bold push into the public markets by creating a new stablecoin-focused treasury firm, StablecoinX Inc. According to a July 21 statement, the company will go public through a merger with TLGY Acquisition Corp. source: https://cryptoslate.com/ethena-launches-stablecoinx-as-ena-climbs-8-and-usde-supply-crosses-6b/

### Related Stocks

- [TLGUF.US](https://longbridge.com/en/quote/TLGUF.US.md)
- [TLGYF.US](https://longbridge.com/en/quote/TLGYF.US.md)

## Related News & Research

- [TLGY Acquisition deregisters units, Class A shares and redeemable warrants after StablecoinX merger](https://longbridge.com/en/news/290998986.md)
- [StablecoinX Inc. Announces Closing of Business Combination with TLGY Acquisition Corp. and Commencement of Trading on Nasdaq | USDE Stock News](https://longbridge.com/en/news/290877974.md)
- [TLGY Acquisition Extends Deadline for Initial Business Combination](https://longbridge.com/en/news/286617847.md)
- [TLGY Acquisition Shareholders Approve SPAC Extension Amendment](https://longbridge.com/en/news/283404532.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**