StablecoinX Inc. Class A Common Stock

StablecoinX Inc. has completed its business combination with special purpose acquisition company TLGY Acquisition Corp. and will commence trading on the Nasdaq Capital Market on June 26, 2026, under the ticker USDE. The company, which describes itself as the first public stablecoin infrastructure firm focused on the Ethena ecosystem, holds approximately 3.029 billion ENA tokens valued at roughly $275 million at closing, representing about 20% of total ENA supply. StablecoinX’s operating model spans infrastructure services via a live Decentralized Verifier Node, a planned middleware software stack called Stablecoin Harness, and a distribution business aimed at institutional adoption of Ethena’s digital dollar products. The company had approximately 24 million publicly traded Class A shares outstanding at closing, with ENA assets of about $11.42 per fully diluted share based on the 30-day volume-weighted average price of ENA tokens ending two days prior to closing.