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[StablecoinX Merges with TLGY and Secures $530 Million in Funding] StablecoinX announced a merger agreement with TLGY and raised an additional $530 million through PIPE financing to support ENA token reserves. Investors include YZi Labs, Brevan Howard, and several other institutions. The total funding scale reached $890 million, and upon completion, the total number of ENA tokens held by StablecoinX is expected to exceed 3 billion.

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