StablecoinX hits record high with 23.65% surge

StablecoinX Inc. (USDE) closed at $12.60 on September 22, marking a 23.65% increase from its previous close of $10.19. The company, which provides infrastructure and middleware for the Ethena digital dollar ecosystem, reached a market capitalization of approximately $303 million. Trading volume for the day reached 10.5266 million shares, with a daily price range between $12.20 and $13.79. The stock continued to rise in after-hours trading, gaining 0.95% to reach $12.72.