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.
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