StablecoinX raises an additional $530 million to support ENA token treasury reserves, and YZi Labs and others participate in the investment

PANews September 6th news, according to Businesswire, after announcing a $360 million financing to launch the ENA treasury strategy in July this year, stablecoin issuer StablecoinX Assets announced a final business merger agreement with special purpose acquisition company TLGY Acquisition Corp. and received an additional $530 million in PIPE financing to support its latest ENA reserves. The latest financing investors include YZi Labs, Brevan Howard, Susquehanna Crypto and IMC Trading, as well as Dragonfly, ParaFi Capital, Maven11, Kingsway, Mirana and Haun Ventures. It is reported that after the completion of the financing transaction with a total scale of US$890 million, StablecoinX will continue to acquire ENA tokens, and the total holdings are expected to exceed 3 billion.