StablecoinX Inc. announced a leadership transition, appointing Christopher Jensen as its new Chief Executive Officer, effective September 8, 2026. Edward Chen, the former CEO, has resigned from the position but will continue to serve as Chairman of the Board of Directors. The company also disclosed details of employment agreements for both Mr. Jensen and Chief Financial Officer Young Cho.
Key Details
- New CEO: Christopher Jensen, age 47, was appointed CEO and a member of the Board. He previously served as Senior Vice President and Director of Digital Asset Research at Franklin Templeton.
- CEO Transition: Edward Chen will continue as Chairman of the Board. The filing states his resignation as CEO was not due to any disagreement with the company's operations, policies, or practices.
- CEO Compensation: Mr. Jensen's employment agreement includes an annual base salary of $450,000 and a target annual performance-based bonus of 150% of his base salary.
- CFO Agreement: The company also entered into a new employment agreement with CFO Young Cho, providing an annual base salary of $300,000 and a target annual bonus of 100% of his base salary.