Germany’s Federal Financial Supervisory Authority takes enforcement action to prohibit Ethena from further offering USDe tokens to the public

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According to Foresight News, the German Federal Financial Supervisory Authority announced the discovery of serious deficiencies in Ethena GmbH's approval process for USDe tokens, and ordered immediate mandatory measures to prohibit Ethena GmbH from further offering its USDe tokens to the public, and instructed the company to have its custodian freeze the corresponding asset reserves.

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