# USDe

Ethena (ENA) has delivered a remarkable 21% single-day performance, reaching a six-month peak of $0.5885 and pushing monthly gains beyond 113% to elevate its market cap to approximately $3.6 billion.

Ethena Labs has reached a final agreement with Germany’s financial regulator BaFin over the fate of its euro-area stablecoin, USDe, operations. The company announced on Wednesday that BaFin and Ethena GmbH, its German subsidiary, have agreed on a 42-day redemption plan for holders of the USDe stablecoin. USDe Redemptions End August 6 as Ethena GmbH Exits EU Market The redemption window, which began this week, will close on August 6. During this time, USDe holders can file redemption...