StablecoinX controls Ethena 20% of ENA supply

StablecoinX Inc., merged with TLGY Action, secretly controlled 20 per cent of Ethena ' s ENA supply, with about 3 billion ENA coins. The company disclosed this holding in its quarterly financial statements, which ended on 30 June. StablecoinX started trading with USDE on 26 June and only one day after the merger was completed。