StablecoinX (NASDAQ:USDE) pops after Harness rollout, post-SPAC valuation gap in focus
StablecoinX Inc. jumped over 100% in early premarket Thursday following its rollout of a stablecoin software platform. But for most traders, the bigger question was elsewhere: shares still traded at a big premium to the ENA-token value the company marks to, and public feeds hadn’t updated for the new share count after the SPAC deal. MarketWatch had USDE quoted at $4.5198 as of 8:04 a.m. EDT, up 117.30% in premarket trade on volume of 16.33 million shares. Shares ended Wednesday at $2.08, a drop of 24.36%, with 13.5 million shares changing hands. That’s around 60 times its 65-day average of 223,970 shares.