Ethena Lab’s USDe Saga Ends: BaFin Forces 42-Day Redemption Plan After Regulatory Standoff

Ethena Labs has reached a final agreement with Germany’s financial regulator BaFin over the fate of its euro-area stablecoin, USDe, operations. The company announced on Wednesday that BaFin and Ethena GmbH, its German subsidiary, have agreed on a 42-day redemption plan for holders of the USDe stablecoin.USDe Redemptions End August 6 as Ethena GmbH Exits […]

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