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News Explorer — 'Serious Deficiencies': German Regulator Blocks Ethena USDe Stablecoin Sales

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Mar 21, 10:14 pm
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'Serious Deficiencies': German Regulator Blocks Ethena USDe Stablecoin Sales

BaFin has prohibited Ethena GmbH from selling the USDe stablecoin due to licensing approval process deficiencies. The regulator also imposed supervisory measures, including blocking asset reserves and appointing a special representative.

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