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X @Wu Blockchain
Wu Blockchainยท 2025-09-05 20:50
Financing & Buyback Plan - StablecoinX secured an additional $530 million in PIPE financing, bringing the total to approximately $895 million [1] - Ethena Labs plans to use cash proceeds from StablecoinX's purchase of locked ENA to buy back spot ENA [1] - Ethena's buyback plan involves daily purchases of $5 million if ENA is above $0.70 [1] - Ethena's buyback plan involves daily purchases of $10 million if ENA is below $0.70 or falls more than 5% within 24 hours [1]