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by: xpoolPosted on: April 15, 2025

Ethena Labs Shuts Down German Subsidiary, abandons MiCA License Effort

Synthetic stablecoin provider Ethena Labs has ceased operations in Germany. The company’s German subsidiary, Ethena GmbH, has been shut down following a March enforcement action by the German financial regulator, BaFin, which ordered them to halt all public sales of their USDe token due to MiCA noncompliance. ]

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