stable coins
By Julie Binoche
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20% of Total ENA Supply in One Company. That 3.03 billion figure works out to around 20% of ENA's entire token supply.
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ENA's Wild Ride This Year. The ENA token's price chart for 2026 is kind of a mess.
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What Jensen Brings to the Table. His Franklin Templeton background is worth unpacking a bit more.
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Christopher Jensen just became CEO of StablecoinX. He's coming from Franklin Templeton, where he spent years building the firm's digital asset group from the ground up — and now…
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Jensen replaces Ted Chen, who led StablecoinX through its Nasdaq debut back in June. Chen isn't going anywhere entirely, though.
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StablecoinX holds roughly 3.03 billion ENA tokens.
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That 3.03 billion figure works out to around 20% of ENA's entire token supply. So StablecoinX isn't just a passive investor here — it's probably the most consequential single…
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Franklin Templeton's digital asset group, which Jensen helped build starting in 2018, has been one of the more serious institutional efforts in the space.
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The ENA token's price chart for 2026 is kind of a mess. Down roughly 20% on the year overall — but then up more than 80% over just the past month. It's now trading around $0.16.
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Read also: XRP Ledger Sees 4.5 Million AI Transactions but Only 5,836 XRP Settled
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Part of what's probably driving the recent surge is Ethena Pay. Ethena launched the app — a self-custodial tool that lets users spend and transfer USDe directly — and that's a…
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And StablecoinX sits right in the middle of all that. A 20% token stake means the company's own fortunes are tightly tied to whether Ethena Pay gains traction, whether USDe holds…
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The stablecoin market has gotten increasingly competitive over the past couple of years. Traditional fiat-backed options dominate by market cap, but synthetic and yield-bearing…
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His Franklin Templeton background is worth unpacking a bit more. Building an institutional digital asset group from scratch — starting in 2018, which was a brutal year to be…
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More context: Visa’s $20 Billion Stablecoin Surge Sparks New Blockchain Credit Opportunities
The Currency Analytics
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