Building Stablecoin Infrastructure at Scale
About StablecoinX
StablecoinX provides investors with regulated and transparent exposure to Ethena, one of the largest stablecoin issuers. Our operating business focuses on providing infrastructure software and services to benefit the Ethena ecosystem, as stablecoins continue to expand into the global financial system.
PIPE Investors
In The News
As a top issuer of digital dollars alongside Tether and Circle, Ethena is a direct beneficiary of the growth in stablecoin adoption, but it is currently difficult for investors to capitalize on its strong position since the native token ENA is difficult to access in traditional capital markets. This transaction gives public market investors transparent, well‑governed access to the Ethena ecosystem. Deploying capital to accumulate ENA at scale is a deliberate, multi‑year capital allocation strategy that will enable StablecoinX to capture the value driven by the secular surge in demand for digital dollars while compounding intrinsic value per share.
Real Stories and Experiences from the People Who Trust Us
"The Ethena Foundation’s mandate is to safeguard Ethena’s longevity and decentralisation. Partnering with StablecoinX under a disciplined, locked‑token framework ensures that capital entering the ecosystem is long-term and value‑accretive while enhancing ecosystem capital efficiency. The built‑in lockups, investment‑committee oversight and permanent‑capital mandate create strong incentives for sustained contribution to the protocol.”
“StablecoinX’s treasury program is a milestone for broadening institutional access to the Ethena ecosystem. By systematically accumulating ENA through a transparent, permanent‑capital vehicle, StablecoinX will give public market investors a clear, accessible way to gain exposure to one of the most compelling growth stories in all of finance – digital dollars upgrading money to the internet era. We’re excited to support a strategy that deepens ENA liquidity, bolsters Ethena’s ecosystem, and aligns shareholder value with the long‑term success of USDe, USDtb, and other upcoming Ethena products.”
“Investor demand for public‑market exposure to secular growth of stablecoins is clear. Ethena’s standing as the third-largest digital dollar issuer behind Tether and Circle places it as a leader in the stablecoin supercycle. The Strategic Advisory Board will help ensure SC Assets’ mission of providing shareholder access to Ethena’s growth through ENA accumulation, is deliberate, risk‑aware, and squarely aligned with Ethena’s long‑term health and shareholder value."