The German financial supervisory agency Bundesanstalt für Finanzdienstleistungsaufsicht, or BaFin, stopped the Frankfurt-based Ethena Labs subsidiary Ethena GmbH from publicly offering its USD-pegged stablecoin USDe.

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The German financial supervisory agency Bundesanstalt für Finanzdienstleistungsaufsicht, or BaFin, stopped the Frankfurt-based Ethena Labs subsidiary Ethena GmbH from publicly offering its USD-pegged stablecoin USDe.

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Regulator halts Ethena’s USDe stablecoin offering in Germany over concerns

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BaFin is Germany’s financial regulatory authority responsible for overseeing compliance in the financial and crypto sectors.

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