USDe Operations Shift to BVI as Ethena Closes German Subsidiary

Ethena Labs has officially pulled out of Germany and is no longer seeking MiCAR licensing. This exit comes weeks after shifting stablecoin operations to its offshore entity in the British Virgin Islands (BVI). Ethena’s move is a sign of growing industry discomfort around Europe’s strict regulations. Why Did Ethena Labs Exit Germany and Drop MiCAR […] The post USDe Operations Shift to BVI as Ethena Closes German Subsidiary appeared first on Coin Edition.