CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Coin Edition 2025-04-15 21:45:00

USDe Operations Shift to BVI as Ethena Closes German Subsidiary

Ethena shuts down German subsidiary, drops MiCAR license plan. All USDe activity is now handled by Ethena (BVI) Limited. No whitelisted users remain under Ethena GmbH. Ethena Labs has officially pulled out of Germany and is no longer seeking MiCAR licensing. This exit comes weeks after shifting stablecoin operations to its offshore entity in the British Virgin Islands (BVI). Ethena’s move is a sign of growing industry discomfort around Europe’s strict regulations. Why Did Ethena Labs Exit Germany and Drop MiCAR License? The issuer behind the USDe stablecoin had reached an agreement with BaFin, the country’s financial regulator to shut down its German subsidiary, Ethena GmbH. In a recent post on X, Ethena revealed that since March 21, no minting or redemption of USDe took place through its German entity. Instead, Ethena (BVI) Limited has assumed full operational control, processing all activity without disruption. Related: VeChain CEO Talks MiCA Approval and Real-World Utility—Why UFC’s Dana White Backs the Project In its official statement, the crypto firm clarified that all previously whitelisted users in Germany have been seamlessly … The post USDe Operations Shift to BVI as Ethena Closes German Subsidiary appeared first on Coin Edition .

阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约