StablecoinX Begins Nasdaq Trading After SPAC Merger Closes
StablecoinX Inc. completed its business combination with TLGY Acquisition Corp. and began trading on Nasdaq under the ticker USDE.
StablecoinX Inc. officially closed its business combination with TLGY Acquisition Corp. on June 25, 2026, and commenced trading on the Nasdaq stock exchange under the ticker symbol USDE, the New York-based company announced Wednesday. The deal marks a significant milestone for the digital asset sector as StablecoinX becomes the first publicly traded stablecoin infrastructure company.
The company describes itself as focused exclusively on the Ethena digital dollar ecosystem, positioning it as a pure-play public vehicle for investors seeking exposure to stablecoin infrastructure — a segment of the crypto market that has drawn increasing institutional attention amid evolving US regulatory frameworks.
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TLGY Acquisition Corp., which had been trading on the OTC Pink market under the ticker TLGYF, served as the special purpose acquisition company that facilitated StablecoinX's path to the public markets. SPAC mergers have remained a popular route for crypto and fintech firms looking to bypass the traditional IPO process and access public capital more rapidly.
The listing arrives at a moment when stablecoin-related legislation is advancing in Washington, potentially reshaping the regulatory landscape for dollar-pegged digital assets. StablecoinX's public debut could attract both retail and institutional investors eager to gain listed-equity exposure to stablecoin infrastructure without holding digital assets directly.
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