$ENA Update: MiCAR Application Denied, But USDe is Still Rockin’ 🦺📣

Hey Ethena fam, quick update! #Ethena  ’s #MICAR application via Ethena GmbH was not approved. 😅 Bummer, right? But don’t stress – here’s why: 🔦🧐👇

▶️ No Disruptions: USDe listings, minting, and redemptions are still running smoothly.

▶️ No Frozen Assets: All funds are safe and available for redemption.

▶️ Alternative Frameworks: Ethena’s already exploring other regulatory options.

What’s Next? 🧐🔦💭

➡️ Revised Terms: Updates are coming next week.

➡️ Keep Building: MiCAR was just one option. Ethena’s still committed to compliance and innovation.

This is a bump, not a roadblock. $USDe is still fully backed and operational. Keep calm, HODL on, and trust the process. Ethena’s got this! 🥴🦾 DYOR! #ENA @Ethena Labs