Ethena Labs (@ethena_labs): Following our announcement yesterday regarding the initiation of the redemption plan for Ethena GmbH, we'd like to provide more detail on the particul…
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Following our announcement yesterday regarding the initiation of the redemption plan for Ethena GmbH, we'd like to provide more detail on the particulars of the plan. The full details can be found in the next tweet. Quote [@ethena_labs](https://www.twitter.com/ethena_labs/status/1937838381696000031) > We are pleased to share BaFin and Ethena GmbH have agreed to a redemption plan providing holders the option to redeem USDe if they so wish. > > The plan was initiated via BaFin administrative order which concurrently revokes BaFin's previous March 21 2025 order. > > BaFin has updated…