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      StablecoinX Shares Now Available as Tokenized Securities on Binance's bStocks Platform

      StablecoinX Inc., a company listed on Nasdaq under the ticker USDE, has launched its shares as tokenized securities on Binance's bStocks platform. This move allows the company's shares to be traded 24/7 against cryptocurrency pairs such as Tether (USDT), marking a significant shift in how these assets can be accessed by investors.

      The tokenized version of StablecoinX equity was made available following the company's completion of a merger with TLGY Acquisition Corp. on June 25, 2026. Shares began trading on Nasdaq the following day, June 26, 2026. Each token on bStocks is backed 1:1 by underlying shares held at regulated custodians, ensuring a direct link between the tokenized shares and the actual equity.

      StablecoinX is positioned as the first public company focused on infrastructure for the Ethena ecosystem, holding approximately 3 billion ENA tokens, which are valued between $212.9 million and $275 million depending on market conditions. The company has also processed $3 billion in cumulative verified cross-chain volume through its decentralized verifier node as of August 12, 2026.

      The integration of bStocks into Ethena's strategy for backing its USDe stablecoin aims to facilitate delta-neutral equity basis trades, expanding the trading capabilities for investors. However, the introduction of dual trading markets raises potential risks regarding price alignment and liquidity, particularly if significant price movements occur on one platform while the other is closed.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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