Catenaa, Tuesday, March 25, 2025-Germany’s financial watchdog, BaFin, has banned the sale of Ethena GmbH’s USDe token in the country, citing approval process flaws and violations of the European Union’s Markets in Crypto-Assets Regulation (MiCAR).  BaFin ordered immediate enforcement actions, including freezing the token’s reserve assets and halting new customer registrations. The regulator further instructed […]

Catenaa, Wednesday, April 16, 2025-Ethena Labs, the developer behind the synthetic stablecoin USDe, said Tuesday it has shut down its German operations and withdrawn its application for regulatory approval under the European Union’s Markets in Crypto-Assets Regulation (MiCAR). The decision follows enforcement action by Germany’s financial authority, BaFin, over noncompliance issues. The crypto firm confirmed […]