
Regulator halts Ethena’s USDe stablecoin offering in Germany over concerns
The German financial supervisory agency Bundesanstalt für Finanzdienstleistungsaufsicht, or BaFin, stopped the Frankfurt-based Ethena Labs subsidiary Ethena GmbH from publicly offering its USD-pegged stablecoin USDe. The halt was due to BaFin identifying "serious deficiencies in Ethena GmbH 's USDe