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BaFin Prohibits Ethena GmbH from Offering USDe Stablecoin, Citing Serious Flaws and Non-Compliance with MiCAR

By Token FlashMarch 21, 2025No Comments1 Min Read

The German Federal Financial Supervisory Authority (BaFin) has prohibited Ethena GmbH from offering its USDe stablecoin to the public, citing serious flaws in the company’s approval process

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BaFin Prohibits Ethena GmbH from Offering USDe Stablecoin, Citing Serious Flaws and Non-Compliance with MiCAR

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