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Fourth-Largest Stablecoin Ethena’s USDe Kicked Out of Germany for not Meeting MiCA Requirements

Fourth-Largest Stablecoin Ethena’s USDe Kicked Out of Germany for not Meeting MiCA Requirements

Due to regulatory pressure, Ethena GmbH, creator of dollar-backed stablecoin USDe, will end operations in Germany.
Ethena Fined €600K by German Regulator and Ordered to Reverse USDe Token Issuance

Ethena Fined €600K by German Regulator and Ordered to Reverse USDe Token Issuance

Ethena GmbH has been ordered by the German Federal Financial Supervisory Authority (BaFin) to wind up its business related to the issuance of its U...
Germany Considers Repatriating Billions in Gold From US Amid Tariff Tensions

Germany Considers Repatriating Billions in Gold From US Amid Tariff Tensions

Germany is weighing the potential withdrawal of approximately 1,200 tons of gold, valued at over €113 billion ($124.41B), from the U.S. Federal Res...
Tether was 7th Largest Buyer of US Treasury Securities in 2024, Beating Canada, Mexico, and Germany

Tether was 7th Largest Buyer of US Treasury Securities in 2024, Beating Canada, Mexico, and Germany

Tether, the company behind USDT, announced that 2024, it was the seventh largest investor in U.S. securities, purchasing around $33 billion in trea...
BaFin Bans Ethena’s USDe Token in Germany Over Approval Process Flaws

BaFin Bans Ethena’s USDe Token in Germany Over Approval Process Flaws

Germany’s BaFin enforces a ban on Ethena GmbH’s USDe Token sales, citing approval process flaws and MiCAR noncompliance. The regulator freezes asse...