Ethena GmbH to shut down in EU after BaFin orders 42-day USDe redemption

Germany’s financial regulator BaFin has triggered a formal wind-up of Ethena GmbH, marking the end of a four-month standoff over the legality of the USDe stablecoin under the EU’s crypto regulations. Starting 26 June, USDe holders in the European Union and European Economic Area have exactly 42 days to file redemption claims directly with the

Source: Invezz