Odaily Planet Daily News Ethena Labs posted on the X platform that it has reached an agreement with the German regulator BaFin to gradually end all activities of Ethena GMBH and will no longer seek MiCAR authorization in Germany.
As mentioned earlier, Ethena GmbH has not conducted any minting or redemption activities since March 21, 2025, and all activities have been performed by Ethena (BVI) Limited without any suspension or problems. All whitelist minting and redemption users who previously interacted with Ethena GmbH have joined Ethena (BVI) Limited at their request and no longer have any ongoing relationship with Ethena GmbH, so Ethena GmbH no longer has any whitelist users or direct customers.