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With $250M+ in ENA concentrated in one Nasdaq-listed vehicle, StablecoinX is the cleanest public-market bet on Ethena's USDe ecosystem and a template for future DeFi treasury companies.
The argument lands at Consensus Miami while BONK itself is testing the rails Nom says other memecoins skip — a Nasdaq-listed treasury, a 2x leveraged ETF filing and public-company allocations that…
A memecoin's 96% collapse meets a German banking rail and an ETF exodus. On-chain, the signal is the gap between utility and pure speculation.
Ondo Finance tokenizes US Treasuries into USDY and OUSG, gated to verified investors. Here's how each product differs and what ONDO the token actually does.
TheBlock
CoinDesk
Marco De Santis