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StablecoinX ends 48-month ENA token lock-up, enabling flexible use with Ethena Foundation oversight.

Protocol Fundamentals
17 Sep 2026
Crypto news
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Neutral
StablecoinX ends 48-month ENA token lock-up, enabling flexible use with Ethena Foundation oversight.

StablecoinX has secured a permanent waiver ending the 48-month lock-up on its ENA token holdings effective Oct. 5, 2026. This waiver removes previous restrictions like vesting and scheduled releases, aligning StablecoinX's ENA unlock schedule with other holders. However, StablecoinX must still obtain Ethena Foundation consent before selling or using ENA tokens for funding, and must provide five business days' notice for such sales. This change allows StablecoinX more flexibility in managing its substantial ENA treasury, which represents about 20% of the total supply, while maintaining regulatory and governance controls.

StablecoinX's ENA token lock-up ending is notable context for readers. For those tracking cryptocurrency markets, 46 of 50 major cryptocurrencies on Pluang rose today. Kusama (KSM) gained 26.65% to Rp82.685 with 100% sell order activity, Uniswap (UNI) rose 21.13% to Rp136.043 with 63% buy orders, and Balancer (BAL) increased 11.14% to Rp16.297. Data is as of Sep 18, 2026 01:22 WIB.

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