Published Aug 14, 2026, 10:20 AM ET · Updated 3 months ago · 2 sources
THE BLOCK: StablecoinX shares $USDE are up nearly 12% on Friday after the Ethena-focused firm reported holding roughly 3 billion ENA tokens worth more than $250 million. The newly public company posted a $34.2 million net loss, though nearly all of it stemmed from unrealized losses on its $ENA holdings.
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THE BLOCK: StablecoinX shares $USDE are up nearly 12% on Friday after the Ethena-focused firm reported holding roughly 3 billion ENA tokens worth more than $250 million. The newly public company posted a $34.2 million net loss, though nearly all of it stemmed from unrealized losses on its $ENA holdings.