Company: TLGYF
Filing Date: 2025-10-02
Form Type: 425
Source: 0001213900-25-095334
Chunk: 0

Company: TLGY ACQUISITION CORP
Filing Date: 2025-10-02
Form: 425
Chunk 0
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Filed by TLGY Acquisition Corp.

Pursuant to Rule 425 under the Securities Act of 1933

and deemed filed pursuant to Rule 14a-12

under the Securities Exchange Act of 1934

Subject Company: StablecoinX Inc.

Commission File No. 333-290567

Date: October 2, 2025

As previously announced, on
July 21, 2025, TLGY Acquisition Corp., a Cayman Islands exempted company (“TLGY”), StableCoinX Assets Inc., a Delaware corporation
(“SC Assets”), StableCoinX Inc., a Delaware corporation, (“StablecoinX”), StableCoinX SPAC Merger Sub LLC, a Delaware
limited liability company and a wholly-owned subsidiary of StablecoinX (“SPAC Merger Sub”), and StableCoinX Company Merger
Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of StablecoinX (“Company Merger Sub”), entered into a business
combination agreement (the “Transaction Agreement”), for a business combination transaction (the “Transaction”)
that will result in, among other things, TLGY and SC Assets becoming wholly owned subsidiaries of StablecoinX and StablecoinX becoming
a publicly traded company.

On September 30, 2025, Young
Cho, the Chief Executive Officer of TLGY and SC Assets, gave an interview on the Tasty Crypto show relating to, among other things, the
proposed Transaction. A transcript of the interview is provided herewith. On October 1, 2025, Young Cho posted about the interview on
LinkedIn and SC Assets posted about the interview on X.com. Such posts are also provided herewith.

Interview Transcript

Dan Cecilia (Host):Welcome back to the
Tasty Crypto Show. I'm Dan Cecilia, and today I'm joined by Young Chu, CEO of StablecoinX, the first publicly traded treasury company
established to focus on the Ethena Stablecoin ecosystem. Young is a CFA charter holder and brings over a decade of experience in leading
both traditional finance and crypto companies. Young, welcome to the show.

Young Cho (TLGY):Thanks for having me,
Dan.

Dan Cecilia (Host):Yeah, for sure. Let's
just jump into it. I think this is a really interesting topic. Stablecoins have been hot in the news and we've integrated 'em on our platform.
So what drove the decision to create a treasury company, specifically for the Ethena