# StableCoinX Inc. (USDE) — spac/extension [completed]
Source: sec.gov · situation sit_153151e7b44cc4ba8a49 · public 5025127651365166181 · retrieved 2026-08-19T11:32:20.993Z

## Overview
StablecoinX Inc. is a publicly traded stablecoin infrastructure company providing regulated exposure to the Ethena digital dollar ecosystem through strategic holdings of ENA governance tokens and operating businesses in infrastructure services, software, and distribution.

StablecoinX Inc. completed its business combination with TLGY Acquisition Corporation on June 25, 2026, with Class A common stock and warrants commencing trading on Nasdaq under the symbols "USDE" and "USDEW" on June 26, 2026. The transaction resulted in StablecoinX becoming a publicly traded company focused on the Ethena digital dollar ecosystem. As part of the business combination, the company built an ENA treasury of approximately 3.0 billion tokens contributed by the Ethena Foundation and PIPE investors, valued at $218.4 million as of June 30, 2026.

## Terms
- Counterparty: TLGY Acquisition Corporation · Deal value: $248.4M · Consideration: mixed · Stake: 20%

## Key dates
- Completed 2026-06-25

## Timeline
- 2026-08-14 · 8-K (0001213900-26-089504): 8-K - StableCoinX Inc. — *StablecoinX Inc. is a publicly traded stablecoin infrastructure company providing regulated exposure to the Ethena digital dollar ecosystem through strategic holdings of ENA governance tokens and operating businesses in infrastructure services, software, and distribution.* StablecoinX Inc. completed its business combination with TLGY Acquisition Corporation on June 25, 2026, with Class A common stock and warrants commencing trading on Nasdaq under the symbols "USDE" and "USDEW" on June 26, 2026. The transaction resulted in StablecoinX becoming a publicly traded company focused on the Ethena digital dollar ecosystem. As part of the business combination, the company built an ENA treasury of approximately 3.0 billion tokens contributed by the Ethena Foundation and PIPE investors, valued at $218.4 million as of June 30, 2026.
  https://www.sec.gov/Archives/edgar/data/2080215/0001213900-26-089504.txt

## Citations
- 0001213900-26-089504 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026089504