[Ethena Foundation Launches New $310 Million Buyback Plan] BlockBeats News, September 6, Ethena announced an additional $530 million 'StablecoinX' PIPE transaction, and the foundation has launched a new $310 million open market buyback plan. BlockBeats previously reported that on July 21, stablecoin issuer StablecoinX announced the completion of $360 million in financing, aimed at acquiring ENA tokens, with plans to list Class A common stock on the Nasdaq Global Market under the ticker symbol 'USDE.' Among them, the Ethena Foundation will contribute $60 million worth of ENA tokens. To initiate the acquisition plan, StablecoinX will use the $260 million net cash proceeds from the financing (after deducting related expenses) to purchase locked ENA tokens from a subsidiary of the Ethena Foundation.