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Ethena Labs announced a $360 million PIPE deal for StablecoinX, which will establish the ENA treasury company.
Odaily News According to official news, Ethena Labs announced a $360 million PIPE deal for StablecoinX, while its foundation has launched a $260 million ENA public market repurchase plan to support the establishment of ENA reserves. In addition, StablecoinX will seek to be listed on Nasdaq under the stock code "USDE."