Ethena Labs Reaches Agreement with German Regulators on Redemption Plan for USDe Holders
2025/06/25 13:40Odaily Planet Daily reported that Ethena Labs announced on Wednesday that the German Federal Financial Supervisory Authority (BaFin) has reached an agreement with the company’s German subsidiary, Ethena GmbH, regarding a redemption plan for USDe stablecoin holders, and has initiated a 42-day redemption process for stablecoin holders. BaFin stated that USDe holders must submit their redemption requests directly to Ethena GmbH by August 6, and the process will be overseen by a special representative appointed by BaFin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solflare launches Telegram mini-app Solflare Kingdom
Yesterday, the net inflow of US spot Ethereum ETFs was $76.6 million.
Trending news
MoreCrypto prices
More
