The post StablecoinX Raises 530 Million to Expand Ethena Ecosystem appeared on BitcoinEthereumNews.com. Key Highlights StablecoinX raises $530M to purchase 3B ENA tokens. Ethena launches $310M buyback to support ENA price. USDe circulation doubles to $12B with new partnerships. StablecoinX Raises 530 Million to Boost Ethena Ecosystem StablecoinX Assets Inc. and TLGY Acquisition Corp. announced they raised $530 million in a private placement (PIPE), bringing their investment fund to $890 million. These funds will be used to purchase approximately 3 billion ENA tokens, supporting the Ethena protocol. Investors in this round include Brevan Howard, Susquehanna Crypto, IMC Trading, and long-time partners Dragonfly and ParaFi. This strategic capital injection marks a significant milestone in the expansion of the Ethena ecosystem. Ethena Launches 310 Million ENA Buyback Program The Ethena Foundation is launching a $310 million ENA buyback program, bringing total announced market purchases to $570 million. “The proceeds will be used to purchase ENA on the public markets,” the organization noted. Mark Piano, Director of the Ethena Foundation, emphasized the long-term strategy: “The partnership agreement and locked token mechanism we announced in July were created to ensure long-term alignment. This additional funding increases ecosystem sustainability, deepens ENA liquidity, and supports development of USDe, USDtb, and future Ethena products.” Guy Yang, Ethena Labs founder and StablecoinX advisor, added, “Since the initial PIPE funding, USDe circulation has more than doubled to over $12 billion. Our partnership with Anchorage Digital Bank brings USDtb to the domestic market, aiming to be the first stablecoin with a clear path to compliance under the GENIUS Act. StablecoinX’s permanent capital and expanded resources will protect and support the Ethena ecosystem.” The USDtb stablecoin was launched on December 16, 2024. The PIPE deal is expected to close in Q4 2025, after which the combined entity will be listed on Nasdaq under the StablecoinX brand and USDE ticker. Strengthening Governance and Restoring Confidence… The post StablecoinX Raises 530 Million to Expand Ethena Ecosystem appeared on BitcoinEthereumNews.com. Key Highlights StablecoinX raises $530M to purchase 3B ENA tokens. Ethena launches $310M buyback to support ENA price. USDe circulation doubles to $12B with new partnerships. StablecoinX Raises 530 Million to Boost Ethena Ecosystem StablecoinX Assets Inc. and TLGY Acquisition Corp. announced they raised $530 million in a private placement (PIPE), bringing their investment fund to $890 million. These funds will be used to purchase approximately 3 billion ENA tokens, supporting the Ethena protocol. Investors in this round include Brevan Howard, Susquehanna Crypto, IMC Trading, and long-time partners Dragonfly and ParaFi. This strategic capital injection marks a significant milestone in the expansion of the Ethena ecosystem. Ethena Launches 310 Million ENA Buyback Program The Ethena Foundation is launching a $310 million ENA buyback program, bringing total announced market purchases to $570 million. “The proceeds will be used to purchase ENA on the public markets,” the organization noted. Mark Piano, Director of the Ethena Foundation, emphasized the long-term strategy: “The partnership agreement and locked token mechanism we announced in July were created to ensure long-term alignment. This additional funding increases ecosystem sustainability, deepens ENA liquidity, and supports development of USDe, USDtb, and future Ethena products.” Guy Yang, Ethena Labs founder and StablecoinX advisor, added, “Since the initial PIPE funding, USDe circulation has more than doubled to over $12 billion. Our partnership with Anchorage Digital Bank brings USDtb to the domestic market, aiming to be the first stablecoin with a clear path to compliance under the GENIUS Act. StablecoinX’s permanent capital and expanded resources will protect and support the Ethena ecosystem.” The USDtb stablecoin was launched on December 16, 2024. The PIPE deal is expected to close in Q4 2025, after which the combined entity will be listed on Nasdaq under the StablecoinX brand and USDE ticker. Strengthening Governance and Restoring Confidence…