Ethena (ENA) Buybacks Accelerate as StablecoinX Lifts Total Financing to $895M

TLDR: StablecoinX raised $530M, taking total PIPE financing to $895M for ENA token purchases. The new raise supports a $310M ENA buyback over six to eight weeks. Combined PIPE rounds now cover roughly 20% of ENA’s circulating token supply. Ethena Foundation keeps veto rights on ENA sales by StablecoinX. StablecoinX is doubling down on ENA. [...]

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