❗️The financial regulator of Germany has banned #ethena from offering #USDE in the country.
The Federal Financial Supervisory Authority of Germany announced that it found serious deficiencies in the approval process of USDe tokens by the company Ethena #GmbH and issued an order to immediately prohibit any further offering of USDe tokens to the public, as well as instructed the company to freeze the corresponding asset reserves through the depository.
📉 $ENA -27.84% over the day.
