BaFin halted Ethena GmbH’s public offering of USDe in Germany due to regulatory violations.

Name

BaFin halted Ethena GmbH’s public offering of USDe in Germany due to regulatory violations.

Description

BaFin’s action came after it reviewed Ethena’s application under MiCA and found serious issues, prompting an immediate stop to USDe issuance in the country.

Event date

12:00am, Friday, March 21, 2025