# StablecoinX Goes Public on Nasdaq

Page: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/stablecoinx-goes-public-on-nasdaq
Text version: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/stablecoinx-goes-public-on-nasdaq.md
Podcast: [Crypto News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376)
Published: 2026-06-26T04:01:48+00:00
Episode link: https://api.fastcast.ai/audio/da7fac02-ae2e-4d82-9f97-199b28d6b956.mp3
Audio file: https://api.fastcast.ai/audio/da7fac02-ae2e-4d82-9f97-199b28d6b956.mp3
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Duration seconds: 116

## Resource

StablecoinX hits the Nasdaq under ticker USDE, marking a bold leap for stablecoins as essential infrastructure — the first public company built to power Ethena’s USDe, despite a 70% drop in its market cap since October. Unlike Tether or USDT, USDe uses crypto collateral and short futures to stay pegged at $1, a strategy that’s risky in bear markets. StablecoinX’s treasury holds $275M in Ethena’s governance token, ENA, after raising $360M to buy it — all while facing headwinds from crypto’s downturn and SPAC skepticism. Their three-pronged model — verifier nodes, Stablecoin Harness software, and distribution — aims to scale, even as the market watches skeptically. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/78b24d66bb486150

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## Transcript

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