USDE 424B3: SEC filing

StablecoinX Inc.

Filed with the SEC on · accession 0001213900-26-100754

USDE filed a 424B3 (prospectus (offering)) with the SEC on Sep 17, 2026. StablecoinX Inc. filed a prospectus supplement for a primary offering of 19,124,586 shares and a secondary offering of 12,668,943 shares of Class A common stock, and entered into a waiver letter with Ethena OpCo Ltd. and the Ethena Foundation to permanently waive lock-up restrictions on ENA tokens… The stock moved +24.4% by the first close after the filing.

Summary of the filing

StablecoinX Inc. filed a prospectus supplement for a primary offering of 19,124,586 shares and a secondary offering of 12,668,943 shares of Class A common stock, and entered into a waiver letter with Ethena OpCo Ltd. and the Ethena Foundation to permanently waive lock-up restrictions on ENA tokens held by the company, effective October 5, 2026.

Key details

Primary offering shares$19.1M
Secondary offering shares$12.7M
Closing price per share on September 16, 2026$6
RegistrantStablecoinX Inc.
SubsidiaryStablecoinX Assets Inc.
CounterpartyEthena OpCo Ltd.
CounterpartyEthena Foundation

How USDE stock reacted

Close before

$6.20

Sep 16, 2026

First close after

+24.35%

$7.71

5 trading days

+107.58%

$12.87

Since filing

-1.13%

$6.13

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Frequently asked questions

What did USDE file with the SEC on Sep 17, 2026?

USDE filed a 424B3 (SEC filing). StablecoinX Inc. filed a prospectus supplement for a primary offering of 19,124,586 shares and a secondary offering of 12,668,943 shares of Class A common stock, and entered into a waiver letter with Ethena OpCo Ltd. and the Ethena Foundation to permanently waive lock-up restrictions on ENA tokens held by the company, effective October 5, 2026.

How do I read a 424B3?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B3 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did USDE stock react to this filing?

USDE closed at $6.20 before the filing and $7.71 on Sep 17, 2026 (+24.35%). Five trading days later: $12.87 (+107.58%).

Other USDE SEC filings

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