StablecoinX Inc-A 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2026 Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☐No☒ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filerEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of August 12, 2026, 24,029,375 shares of Class A common stock, par value $0.0001 per share, and 3,157,754 shares of Class Bcommon stock, par value $0.0001 per share, were issued and outstanding. GENERAL Unless the context otherwise requires, all references in this Quarterly Report on form 10-Q (this “Quarterly Report”) to “we,” “us,”“our,” “StablecoinX” or the “Company” refer to StablecoinX Assets, Inc. prior to the consummation of the Business Combination (asdefined below) and after the consummation of the Business Combination (as defined below), to StablecoinX Inc. and its subsidiaries. Wemay announce material business and financial information to our investors using our investor relations websiteathttp://ir.stablecoinx.com. We therefore encourage investors and others interested in the Company to review the information that wemake available on our website, in addition to following our filings with the U.S. Securities and Exchange Commission (the “SEC”),press releases and earnings releases. Information contained on our website is not incorporated into, and does not form a part of, thisQuarterly Report. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report contains certain forward-looking statements within the meaning of the U.S. federal securities laws. Theseforward-looking statements are generally identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”“strategy,” “future,” “opportunity,” “potential,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likelyresult,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events orconditions that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factorscould cause actual future events to differ materially from the forward-looking statements in this Quarterly Report, including, but notlimited to: ●our ability to realize the expected benefits of the business combination (the “Business Combination”) pursuant to that certainBusiness Combination Agreement, dated as of July 21, 2025 (as amended, the “Business Combination Agreement”), by andamong StablecoinX Inc. (“StablecoinX”), TLGY Acquisition Corporation (“TLGY”), StablecoinX Assets Inc. (“SC Assets”)and the other parties thereto; ●the failure of StablecoinX to maintain the listing of its shares of Class A Common Stock (as defined below);●costs related to the Business Combination and as a result of becoming a public company;●changes in business, market, financial, political and regulatory conditions;●risks relating to StablecoinX’s operations and business;●risks relating to the highly volatile nature of the price of ENA and other products issued by the Ethena Foundation (as definedbelow);●risks related to increased competition in the industries in which StablecoinX operates;●risks relating to significant legal, commercial, regulatory and technical uncertainty regarding crypto assets, includingstablecoins; ●risks relating to the treatment of crypto assets for U.S. and foreign tax purposes;●risks that StablecoinX experiences difficulties managing its growth and expanding operations;●challenges in implementing StablecoinX’s business plan inclu