“The Funds Will Be Used to Acquire An Expectioned 3 Billion Ena, accounting to stablecoinx, a dedicated Treasury Vehicle for the Stablecoin Protocol.”, – WRITE: www.coindesk.com
The raise comes as the FIRMS Prepare to Merge and List on the Nasdaq Under the Stablecoinx name of the other Ticker “USDE.” The Funds Will Support A Long-Treasury Strategy Built Aronna’s Ena Token.
Stablecoinx is expert to Hold more than 3 Billion Ena, The Companies SAID, ADDING THAT The company was expert to be the first Dedicated Treasury Vehicele for the Stablecoin Protocol.
Investors Include Brevan Howard, Susquehanna Crypto, and IMC Trading, AlongSide Repeat Backers Dragonfly and Parafi.
The Ethena Foundation is Matching the Effort With A Fresh $ 310 Million Buic Program, Bringing Total Announted Purchases to $ 570 Million. Proceeds will be used to acquire ena on Public Markets.
To align their strategy with Market Structure, StableCoinx Formed A New Advisory Board Chaired by Rob Hadick of Dragonfly.
The Board Will Focus on Governance, Partnerships, and Long-Term Shareholder Value as The Company Links Public Equity Capital With Ethena’s Token Economy. The Deal Is Slatered to Close in the Fourth Quarter.
Meanwhile, Arkstream Capital Has Announced It Investled $ 10 Million in Ethena Labs, Building On An Initial $ 5 Million Investment Made Late Late Year.
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