About
Empowering the future of finance with innovative stablecoin solutions and seamless digital dollar access
StablecoinX (TLGY) is launching a stablecoin-focused digital asset treasury company. It raised $890M to acquire ENA, Ethena's governance token. Ethena is the 3rd largest digital dollar issuer (~12B USDe). Chaired by Jin-Goon Kim, led by CEO Young Cho.
Use Cases
Stablecoin Treasury Management
Manage and grow digital asset holdings focused on stablecoins like Ethena's USDefor institutional investors.
Governance Token Investment
Invest in and engage with the governance of Ethena through ownership andmanagement of ENA tokens.
Digital Dollar Issuance Monitoring
Track and analyze the issuance and circulation of the Ethena digital dollar toguide investment strategies.
Partnership and Financing Facilitation
Leverage TLGY's extensive financing and partnerships to support stablecoinecosystem growth and development.
Key Features
Stablecoin-Focused Business Model
- TLGY is launching the first stablecoin-focused digital asset treasury company.
- Achieved via business combination with StablecoinX Assets Inc.
- StablecoinX raised over $890M in PIPE financing.
- Financing will acquire ENA, the Ethena governance token.
- Partnership with Ethena Foundation, a top digital dollar issuer.
Key Figures and Crypto Experience
- TLGY is chaired by Jin-Goon Kim, ex-TPG Capital partner.
- CEO Young Cho was CFO of Hedera Hashgraph.
- Young Cho was CIO of Abra, a digital consumer wallet.
- Young Cho was CFO of Celsius Network and Alt Lending.
- Young Cho is CEO of Blockhouse Digital.
(Founder and Chairman)
Jin-Goon Kim
Headquarters
ðŸ‡ðŸ‡° Hong Kong
890M
PIPE financing raised by StablecoinX
12B USDe
Digital dollars in circulation by Ethena as of August 2025