TLGY to merge with SC Assets to form StablecoinX, backed by $360.00M PIPE financing. The new firm will focus on Ethena’s stablecoin ecosystem and list under the ticker “$USDE”. StablecoinX will accumulate $ENA tokens as long-term treasury assets. Ethena also launches a $260.00M $ENA buyback. https://t.co/GiV262oews