StablecoinX Inc. (Nasdaq: USDE) has announced a leadership transition effective September 8, 2026. Edward Chen has resigned as Chief Executive Officer but will continue to serve as Chairman of the Board. In his place, the Company has appointed Christopher Jensen as Chief Executive Officer and a member of the Board.
Mr. Jensen, age 47, brings two decades of experience as an institutional investor and capital allocator, with a specific focus on blockchain and digital assets since 2018. Prior to joining StablecoinX, he served as Senior Vice President, Portfolio Manager, and Director of Digital Asset Research at Franklin Templeton, a global asset manager. He was a founding member of the firm's digital asset group, established in 2018. Earlier in his career, he was a Principal at SLR Capital Partners and began his investment career at CIT Group.
Mr. Jensen holds a Bachelor of Arts in Philosophy from Princeton University, an MBA from the Yale School of Management, and a Certificate in Data Science from Stanford University.
In connection with his appointment, the Company entered into an employment agreement with Mr. Jensen. The agreement stipulates an annualized base salary of $450,000. He is also eligible for an annual performance-based discretionary bonus with a target of 150% and a maximum of 200% of his base salary, with the 2026 bonus guaranteed at no less than a prorated target amount. Additionally, he is eligible for restricted stock units under the Company’s 2026 Stock Incentive Plan and will be considered annually for equity-based long-term incentive awards.
The agreement outlines severance terms for termination without Cause or for Good Reason. In such an event, Mr. Jensen would be entitled to severance equal to 1.5 times his base salary, payable over 18 months, plus a lump-sum cash payment for 18 months of COBRA premiums. If termination occurs during a Qualifying Change in Control Period, he would receive severance equal to 2.5 times the sum of his base salary and target bonus, payable in a lump sum, plus 24 months of COBRA premiums.
Separately, the Company also entered into an employment agreement with Young Cho, who was previously appointed as Chief Financial Officer. The agreement provides for an annualized base salary of $300,000 and a performance-based bonus with a target of 100% and a maximum of 150% of his base salary. Severance terms for Mr. Cho include a lump-sum cash payment for 12 months of COBRA premiums and any earned but unpaid annual bonus during a termination without Cause. During a Qualifying Change in Control Period, he would be entitled to severance equal to 2.0 times the sum of his base salary and target bonus, payable in a lump sum, plus 18 months of COBRA premiums and any unpaid annual bonus.
