Ethena Labs and German regulators agree on redemption plan for USDe holders
This article is machine translated
Show original
Planet Daily News: Ethena Labs announced on Wednesday that the German Federal Financial Supervisory Authority (BaFin) has reached an agreement with its German subsidiary Ethena GmbH regarding the redemption plan for USDe stablecoin holders and will initiate a 42-day redemption process. BaFin stated that USDe holders must submit redemption requests directly to Ethena GmbH by August 6, and the process will be supervised by a special representative appointed by BaFin. (Cointelegraph)
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content






