Ethena Foundation Launches StablecoinX with $360M ENA Buyback Plan
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Description
The Ethena Foundation has announced the creation of a new company, StablecoinX Inc. This move is aimed at strengthening its crypto treasury strategy and investing in the long-term growth of its native token, ENA. The team plans to invest a total of $360 million in this significant step, aiming to grow the Ethena ecosystem and support the use of digital dollars. Ethena Floars New Public Company Backed by ENA Strategy On Monday, a unit of the Ethena Foundation confirmed a merger agreement with TLG...
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