$USDEX was just listed on Binance Futures a few minutes ago. This is NOT a stablecoin!
Many people see USDEX + the name “StablecoinX” and assume it’s a $1 stablecoin.
That’s wrong.
USDEXUSDT is a USDT perpetual futures contract for StablecoinX Inc. (NASDAQ: USDE) stock.
🔥 What is StablecoinX?
· A publicly traded company focused on infrastructure for the Ethena (USDe) ecosystem
· Holds about 3 billion ENA (approximately 20% of the total supply)
· Building middleware, validators, and distribution tools for next-generation stablecoins
$USDEX shares are currently trading at around $14–15 and are highly volatile (rising from around $1 to a high of $18 in recent months)
🔥 Why is this interesting?
· New perpetual contract listing on Binance → expected to boost liquidity and trading volume
· The stock price often moves with
$ENA and the broader Ethena narrative
Support me—just trade here 👇
#USDEX #USDE #ENA