TLGY ACQUISITION Business Summary

TLGY Acquisition Corp (TLGYF) is a special purpose acquisition company (SPAC) currently finalizing a business combination with StablecoinX Inc., a digital asset treasury and infrastructure firm focused on the Ethena (USDe) ecosystem. Post-merger, the entity will operate as a pure-play treasury business, generating revenue through validator infrastructure services, staking rewards, and a multi-year treasury strategy centered on the ENA token. The company utilizes a delta-neutral hedging model to capture funding fee arbitrage and staking yields, aiming to provide institutional-grade exposure to the synthetic dollar market. Within the competitive landscape, TLGYF/StablecoinX competes directly with established stablecoin issuers like Tether (USDT) and Circle (USDC), as well as emerging digital asset treasury firms such as Bitmine Immersion Technologies and Greenlane. It distinguishes itself by offering a regulated, Nasdaq-listed vehicle (ticker: USDE) specifically designed to aggregate and monetize Ethena-linked assets. The leadership team is anchored by Founder and Chairman Jin-Goon Kim, a former Partner at TPG Capital with a track record of leading multi-billion dollar transformations at firms like Li Ning and China Grand Auto. Chief Executive Officer Young Cho, CFA, brings over 27 years of finance and digital asset expertise, having previously served as CFO of Hedera Hashgraph and Swirlds Labs, and CIO of Abra. The company is supported by a high-profile Strategic Advisory Board chaired by Rob Hadick (Dragonfly) and featuring industry veterans Kyle Samani (Multicoin Capital), Nic Carter (Castle Island Ventures), and Diogo Mónica (Haun Ventures). Notable institutional backing includes $890 million in PIPE financing from top-tier investors such as Brevan Howard, Susquehanna Crypto, IMC Trading, and ParaFi Capital.