---
title: "Weekly Recap | Stablecoinx +40.36%, closing in on record highs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/299515323.md"
description: "Stablecoinx (USDE) rose 40.36% this week to close at $10.19, versus a 0.08% decline for the S&P 500, outperforming the benchmark by about 40.44 percentage points. The price action was uneven: Monday opened at $6.96 and closed at $7.44, Tuesday pulled back to $6.12 and touched the week low of $5.87, and Wednesday stayed near $6.00. The move came on Thursday, with a sharp 24.23% rally to $7."
datetime: "2026-09-19T06:57:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/299515323.md)
  - [en](https://longbridge.com/en/news/299515323.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/299515323.md)
generator: "portal-rs"
---

# Weekly Recap | Stablecoinx +40.36%, closing in on record highs

## The Week

Stablecoinx (USDE) rose 40.36% this week to close at $10.19, versus a 0.08% decline for the S&P 500, outperforming the benchmark by about 40.44 percentage points. The price action was uneven: Monday opened at $6.96 and closed at $7.44, Tuesday pulled back to $6.12 and touched the week low of $5.87, and Wednesday stayed near $6.00. The move came on Thursday, with a sharp 24.23% rally to $7.71 on heavy volume, followed by another leg higher on Friday when the stock hit a record high of $10.555 before settling at $10.19. Weekly amplitude was 67.31%, and average daily volume was about 7.18m shares, roughly 6.87 times the 60-day daily median.

## Key Events

The news flow concentrated on Friday. After days without company-specific headlines, the stock jumped 17.25% in pre-market trading on 18 September, and once regular trading began, it pushed into record territory with intraday gains that varied across reports from about 13% to over 34%. The common thread was Stablecoinx’s push into decentralized credit infrastructure. One intraday report noted that the company was accumulating ENA tokens despite operating losses, betting on credit infrastructure in the DeFi space, which was read as an acceleration of its decentralized credit network strategy. On the filings front, Stablecoinx submitted a 424B3 on 15 September, which took effect the same day, and another 424B3 on 17 September, signalling ongoing financing activity.

## The Week Ahead

The macro calendar is back-loaded into Thursday, 24 September: US initial jobless claims with a prior of 196, the current account balance at -226.8, new home sales at 0.607 prior, and EIA natural gas storage change at 44 prior. Earlier in the week, the Richmond Fed composite index is due on Tuesday with a prior of 4, and EIA crude oil inventories on Wednesday, including Cushing. Stablecoinx has no confirmed earnings date. On the latest trading day, large-lot flows were net buyers while small and medium lots were net sellers; if upcoming macro data shift risk appetite, the stock’s already wide intraday swings could remain elevated.

## In Short

Stablecoinx went from quiet trading to a record high in a single session, with the weekly gain and volume jump both striking. Yet there was no material earnings or financial update behind the move; the week was driven by the decentralized credit narrative and the 424B3 filings. Valuation shows a PB of about 1.29x and a negative PE, so current earnings do not yet support the price level. The latest-session flow was mixed, with large-lot net buying against small and medium net selling. The key follow-through is whether Stablecoinx can translate its decentralized credit infrastructure story into verifiable operating data, and how macro liquidity expectations continue to affect this high-volatility name.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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