Ethena Lab’s USDe Saga Ends: BaFin Forces 42-Day Redemption Plan After Regulatory Standoff

Ethena Labs has reached a final agreement with Germany’s financial regulator BaFin over the fate of its euro-area stablecoin, USDe, operations. The company announced on Wednesday that BaFin and Ethena GmbH, its German subsidiary, have agreed on a 42-day redemption plan for holders of the USDe stablecoin. source: https://cryptonews.com/news/ethena-labs-usde-saga-ends-bafin-forces-42-day-redemption-plan-after-regulatory-standoff/