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StablecoinX Inc. is a stablecoin infrastructure company focusing on the Ethena digital dollar ecosystem. The Company’s operating business develops and delivers infrastructure software and services purpose-built to advance the Ethena ecosystem. Ethena is an issuer of digital dollars. The Company's business is focused on Infrastructure Services, stablecoin middleware software (Stablecoin Harness), and Distribution Services. Infrastructure Services is operating a Decentralized Verifier Node (DVN) serving as a cross-chain message verifier for the entire Ethena ecosystem across all blockchain networks. The Company is also focusing on building Stablecoin Harness, a unified middleware stack bringing utility and access to Ethena products through a single Application Programming Interface (API) platform. It also focuses on developing a distribution business to facilitate the adoption of Ethena's digital dollar products among financial institutions, asset managers, and investors.
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