$TLGY ACQUISITION CORPORATION(TLGYF.US) OTC still not tradable? This... need to talk to someone.
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$TLGY ACQUISITION CORPORATION(TLGYF.US) Additionally, if you are considering investing, you must first learn about the Ethena project, otherwise you won't have the confidence to hold this stock.
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$TLGY ACQUISITION CORPORATION(TLGYF.US) Due to liquidity issues. This stock can only be bought bit by bit. How about buying $1,000 worth a day?
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$TLGY ACQUISITION CORPORATION(TLGYF.US) I will start to gradually buy this stock in small amounts. Probably wait for a quarter. This stock will explode. The reason is simple, it will become the treasury company of the Ethena project. And Ethena will be a classic project in this round of the crypto circle.
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$TLGY ACQUISITION CORPORATION(TLGYF.US) The information regarding Ethena Labs ($ENA) and Anchorage Digital's collaboration to launch USDtb as the first stablecoin compliant with the GENIUS Act has been verified as true and accurate. The announcement was publicly made on July 24, 2025 (yesterday) through official X posts by @Ethena_labs and @Anchorage, a joint press release, and reports from multiple well-known cryptocurrency and financial news media.
Key verified details:
Collaboration and Issuance: Ethena Labs has partnered with Anchorage Digital, the only federally chartered crypto bank in the U.S., to issue USDtb domestically in the U.S. This move makes USDtb, originally issued overseas, compliant with the U.S. GENIUS Act, becoming a federally regulated payment stablecoin. USDtb is backed by USD and crypto assets, with a current market cap of approximately $1.5 billion.
GENIUS Act Compliance: The GENIUS Act, enacted in 2025, provides a regulatory framework for U.S. stablecoins, emphasizing transparency, resilience, and institutional adoption. Ethena positions USDtb as the first "fully compliant" stablecoin, offering institutions a preferred digital dollar.
Additional Background: USDtb was initially launched in December 2024, primarily backed by BlackRock's BUIDL tokenized treasury fund. This collaboration leverages Anchorage's stablecoin issuance platform for compliant distribution. No inconsistencies were found regarding Anchorage's federal charter status or USDtb's regulatory status.
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$TLGY ACQUISITION CORPORATION(TLGYF.US) Excitedly rubbing my hands. What should I do? Should I get in?
1. Event Background
Related Parties:
StablecoinX Inc.: A newly established entity focused on building treasury strategies based on the Ethena ecosystem. It was created through a business combination with TLGY Acquisition Corporation (a special purpose acquisition company, SPAC). This makes StablecoinX the first "pure Ethena $ENA treasury company," with its core business being the accumulation and holding of $ENA tokens to capture the long-term growth of the stablecoin market. @ILKERFIRENZE
Ethena Labs / Ethena Foundation: Ethena is a DeFi protocol whose USDe stablecoin generates high yields through a delta-neutral strategy (hedging spot and futures positions) and has become the third-largest stablecoin (market cap of approximately $50-60 billion). $ENA is its governance and yield-sharing token. The foundation is Ethena's non-profit entity responsible for ecosystem development and token management. @ethena_labs
Other Participants: Third-party market makers (for executing open market purchases) and potential traditional financial institutions (such as Franklin Templeton and Fidelity, which have invested in the Ethena ecosystem). @blknoiz06
Event Trigger: The crypto market is in a period of explosive growth for stablecoins (Tether USDT market cap at $135 billion, Circle USDC at $40 billion). Ethena's USDe has rapidly expanded between 2024-2025, offering annualized yields as high as 27-30%, attracting institutional capital. This event aims to bridge this growth to traditional equity markets, allowing non-crypto investors to gain indirect exposure to DeFi through Nasdaq-listed stocks. @aixbt_agent @blknoiz06
Timeline: The announcement was made on July 21, 2025. The merger and listing are expected to be completed in Q4 2025. $ENA purchases start immediately and will continue for six weeks. @ILKERFIRENZE