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BaFin Halts USDe Token Sales. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Ethena GmbH news, USDe tokens news, crypto trading & speculation news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
German financial regulatory authorityCoinGape
•Business
Business & Economics
69% Informative
Ethena GmbH halted public sales of USDe due to regulatory violations under EU ’s MiCAR framework.
German financial regulatory authority, BaFin , has ordered the suspension of all public sales.
The German regulator has also restrained the company from using the reserves to support the token and has closed the online platform that the firm was using.
BaFin has taken steps to freeze the reserve assets, which back the USDe token.
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