RT cap (@capmoney_)3... 2... 1... LIFTOFF 🚀Cap has officially LAUNCHEDA new era for digital dollars is upon us and stablecoins will never be the sameHere's how you can take part in the next phase of our journey 👇 https://t.co/FrrlackX3x ...

In a twist on Wall Street’s traditional market plumbing, some of the biggest names in finance used a crypto blockchain to trade US Treasuries for digital dollars — on a Saturday https://t.co/7IDPppeph6 ...

Core Viewpoint - The business combination between TLGY Acquisition Corp. and StablecoinX Assets Inc. aims to create the first pure-play treasury company in the Ethena stablecoin vertical, with plans to list on Nasdaq under the ticker "USDE" [1][13]. Group 1: Business Combination Details - TLGY has entered into a definitive agreement for a business combination with SC Assets, which will be named StablecoinX [1]. - The transaction includes a $360 million private investment in public equity (PIPE), with significant contributions from the Ethena Foundation and other leading investors [2][13]. - The combined company will focus on accumulating ENA, the native token of the Ethena protocol, to build a treasury strategy that supports shareholder value [3][4]. Group 2: Strategic Objectives - StablecoinX aims to secure a strategic stake in the Ethena protocol, which is the third-largest issuer of digital dollars on-chain, enhancing its position in the growing demand for digital currencies [3][4]. - The treasury program is designed to provide institutional investors with transparent access to the Ethena ecosystem, facilitating large-scale ENA accumulation [6][7]. - A multi-year collaboration agreement between StablecoinX and the Ethena Foundation will govern their partnership, ensuring long-term capital efficiency and alignment of interests [5][9]. Group 3: Financial Structure and Governance - The PIPE financing will be used to purchase discounted locked ENA tokens, which will be held in a custody account for investors [13]. - The Ethena Foundation will hold a majority of the voting power in StablecoinX after the transaction, ensuring governance stability [13]. - Capital allocation decisions will require majority approval from a three-member Investment Committee, comprising representatives from both StablecoinX and the Ethena Foundation [12].

Market Overview - Stablecoin market cap reached $2585 billion [1] - Stablecoin transaction volume decreased by 10% [1] Fees and Revenue - Stablecoin fees increased by 89% [1] Regulatory and Adoption - Ant International is adopting USDC [1] - Shanghai regulators are showing a more positive attitude towards stablecoins [1]