Interpretation of $890 million bets: How SPAC Reshapes ENA’s Crypto Finance Strategy
Source: CoinWorld
Time: 2025-09-08 02:01:01
StablecoinX reached a $890 million SPAC deal with TLGY Acquisition to reshape Ethena’s financial strategy. The deal is powered by YZi Labs and Brevan Howard. The funding includes a $570 million token buyback, driving ENA's price to rise by 12% and aims to boost liquidity of USDe stablecoins in cross-border payments. The move highlights institutions' confidence in the evolving role of cryptocurrencies in global finance.