StablecoinX shares go tokenized on Binance’s bStocks platform

StablecoinX Inc., the Nasdaq-listed company built around the Ethena ecosystem, is now available as a tokenized security through bStocks. Its shares, which trade under the ticker USDE, can be bought and sold on Binance’s tokenized equity platform. The pitch is simple. A stock that normally keeps banker’s hours can now trade 24/7, priced against crypto pairs such as USDT. What actually launched Start with the ticker, because it causes some confusion. USDE is the Nasdaq symbol for StablecoinX shares. It is not Ethena’s USDe stablecoin, although the company exists to support that ecosystem. What is now on bStocks is a tokenized version of StablecoinX equity. bStocks launched on June 11, 2026, offering tokenized US equities. Each token is backed 1:1 by underlying shares held at regulated custodians. The timing is tight. StablecoinX completed its de-SPAC merger with TLGY Acquisition Corp. on June 25, 2026. Its shares began trading on Nasdaq the next day, June 26, 2026. The balance sheet behind the ticker StablecoinX describes itself as the first public company focused on infrastructure for the Ethena ecosystem. Its main asset is a large ENA position. ENA is the governance token tied to E...