StablecoinX Secures Permanent Relief on ENA Holdings Lock-Up

StablecoinX has secured permanent relief from a 48-month lock-up on its ENA holdings, effective October 5. This waiver removes all lock-up, vesting, and unlocking restrictions for StablecoinX's ENA holdings, including tokens acquired through private investment in public equity agreements linked to its business combination with TLGY Acquisition Corp.

The agreement, which was signed with Ethena OpCo and the Ethena Foundation on September 14, allows StablecoinX to use its ENA as permanent, unencumbered treasury assets. However, it still requires written consent from the Ethena Foundation or completion of a sale under the new funding framework before using the tokens for sales, transfers, lending, hedging, or other purposes.

The waiver does not give StablecoinX unrestricted control over its ENA holdings and preserves restrictions arising under the U.S. Securities Act, Rule 144, affiliate status, and any applicable registration or listing requirements.