Ethena Exits Germany, Withdraws MiCAR Operations; Here's Why

In a surprising development, decentralized finance (DeFi) protocol Ethena Labs has announced via its official X account that the firm has reached an agreement with German watchdog BaFin to end operations in the country. The company also announced that it is withdrawing its MiCAR application in Germany.

Source: coingape.com

Related symbols: ENAUSD