StablecoinX Reports Holding About 3 Billion ENA and Quarterly Loss of $34.2 Million

StablecoinX, a listed company, said its latest operating report showed it held about 3 billion ENA, or roughly 20% of the token’s total supply. According to Odaily, the company began trading under the USDE ticker on June 26 after completing its merger with TLGY Acquisition Corp.Ethena Foundation provided StablecoinX with 284.95 million ENA, while PIPE investors contributed about 2.75 billion ENA through cash and tokens. Based on ENA’s June 30 closing price of $0.07204, the holding was valued at $218.4 million, with a book value of $212.9 million.StablecoinX reported a quarterly loss of $34.2 million, including $36.2 million in ENA impairment charges, and an adjusted loss of $188,200. As of July 31, Ethena’s USDe supply reached $3.9 billion, and cumulative protocol fees exceeded $800 million.As of August 12, StablecoinX’s decentralized validator nodes had processed more than $3 billion in cross-chain transaction volume. The company recorded $62,372 in infrastructure revenue in the last two weeks of June and signed its first Harness customer in July, with plans to expand distribution services in 2027.