StablecoinX Inc. now trades on @Nasdaq under the ticker $USDE. A regulated, transparent path into the @Ethena ecosystem and the broader stablecoin economy, combining a public-market vehicle with deep operational integration into the sector. Nasdaq: $USDE

Pleased to announce Christopher Jensen @jensane2001 from StablecoinX @stablecoin_x as a speaker at EastPoint:Seoul 2026! Christopher is CEO of StablecoinX, joining from Franklin Templeton where he was a Senior Vice President, Director of Digital Asset Research and a founding member of the firm's digital asset group. At EastPoint:Seoul2026, we're excited to welcome Christopher and StablecoinX to the stage. 📍 Seoul | 🗓️ September 28 | 🔗 eastpoint.xyz

Marked in the chart USDe supply growth when APY crossed 4.5%, up $1b since the lows Just printed 5% APY this week, with perp allocation up from 1% to 20% Higher

Binance Wallet has enabled USDe rewards. USDe has been selected as one of only three assets eligible for @BinanceWallet's new Hold to Earn - and offers the highest rate available. Hold USDe and earn rewards automatically, paid by Binance.

buy now pay never daily coffee paid for by my @EthenaPay balance

We just ran some numbers on $usde for $ena - usde supply is the main catalyst for Ethena price and it's growing rapidly right now. We also factored in the btc price and it's effect on usde supply and Ethena price again. The first part is where we factored in the supply and funding: $0.25–0.30: Usde $10B, but funding remains average. $0.35–0.50: $10B USDe + a genuine bull funding environment, roughly 10–15% protocol revenue yield.. ~$0.55–0.80: USDe starts moving toward/through $15B and the 15% take becomes credible/active while funding remains strong. ~$0.80–1.10+: $15B is sustained, protocol revenue yield resembles a very strong historical bull environment, and the market simultaneously gives ENA ~40–50% of HYPE’s cash-flow multiple. Our assumption of 40x multiple is still lower than 50x+ of CRCL, and ~150x of HYPE. We assign discount to HYPE's multiple as earnings are cyclical. What I love about this trade is they you can have realistic maths based targets and not just some fugazi numbers made out of thin air. This is probably the highest confidence trade you'd come across in current market. Remember this is purely maths based and does not price in the euphoria and shilling. So in real you can 1.5x - 2x the price targets.

With $ENA trading at 22c, $USDE (the DAT) trades at a 0.42x mNAV (0.56x if including warrants) at the current price of $12. For the USDE and ENA bulls, below is a sheet with valuations of $USDE depending on the price of $ENA and what mNAV it's trading at. E.g at 30c $ENA and 0.8x mNAV (simple), $USDE trades at $30.88 (2.5x). Disclaimer: I'm long $USDE on @QFEX

$ENA is now at 22.5c, up 40% over the weekend. StablecoinX $USDE is trading pre-market at $12.80 or a 41% discount to the fully diluted NAV of $21.69. $USDE at various $ENA prices: $ENA / $USDe 25c = $23.45 30c = $26.96 40c = $33.99 50c = $41.01 $1 = $76.13

Good morning, have a great weekend.

There was a window where DATs were capitulation on capitulation. Some of the cleaner names still trade around or below 50c in the dollar - so we have seen a recovery from capitulation to washout... If the underlying tokens keep printing higher, unlikely discounts of that magnitude can persist.

What do you get someone who has everything

UPDATE: STABLECOIN MARKET CAP Market cap stablecoin tumbuh +$71.4M dari 5 penerbit terbesar dalam 24 jam terakhir. • Ethena: +$35.8M • StablR: +$18.7M • Tron USDD: +$12.8M • Main Street: +$2.1M • Tempo: +$2.0M Ethena $ENA memimpin jauh dengan tambahan $35.8M dan hampir 2x pertumbuhan StablR. Pertumbuhan supply stablecoin menjadi salah satu metrik menarik untuk melihat pergerakan likuiditas di market. Good news buat: @ethena ? Source: @tokenterminal

burgers get access soon

Almost +$1b in USDe in ~3 weeks. Would be a shame if ran it all the way back.

🚨ETHENA IS SECOND ONLY TO ROBINHOOD’S OWN DOLLAR! Stablecoins on Robinhood Chain now sit at $1 billion. Paxos $USDG is the official house coin at about $667 million. @ethena $USDe is next at about $340 million. The third name is nowhere close at 30M. More $USDe on one of the most successful chains feeds the ethereum:0x57e114b691db790c35207b2e685d4a43181e6061 system.

We have filed a Form 8-K reporting a Waiver Letter with Ethena OpCo and the Ethena Foundation. Effective October 5, 2026, all lock-ups on the ENA held by StablecoinX are permanently waived, the same release date the Foundation announced for other ENA holders. The ENA continues to be held as a treasury asset, and any sale remains subject to the Foundation's prior written consent. Full filing linked in the comments.