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Thank you all for the support in the last year, Ethena would be nothing without our users and everyone who believed in the vision
There is no 2024; we love you
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USDe has officially launched on @bnbchain 🔶 USDe and sUSDe go live on @PancakeSwap, @VenusProtocol, and @pendle_fi BNB deployment Users can swap, lend, and save with Ethena assets on BNB Chain
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Aave Temp Check Proposal to Onboard USDtb If approved by both governance frameworks, this will allow Ethena to gain exposure to overcollateralised lending rates on top of the underlying USDtb Jump into the discussion below 👻 https://governance.aave.com/t/temp-check-onboard-usdtb-to-aave-v3-core-instance/21564
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USDtb has crossed $1b in supply, and is now the largest holder of BlackRock BUIDL with >70% of the total supply and accounts for >95% of the growth in the last three weeks
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Convergence https://cdn.sanity.io/files/dgybcd83/production/a2d44e9ad037fd58f22c82fff9756f6451812d8b.pdf
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Since its inception, Ethena has been exploring various options and jurisdictions when it comes to regulatory frameworks globally that would be conducive to our business, and as a result we have multiple entities within our structure facilitating minting and redemption. A MiCAR authorization via Ethena GmbH was one of various options we have been pursuing. We were informed today that Ethena GmbH’s application under the MiCAR regulatory framework will not be approved. While we are disappointed by this decision, we will continue to evaluate alternative frameworks. To be clear, the decision will in no way disrupt any current listings of USDe, or minting and redemption via Ethena (BVI) Limited (which services the vast majority of our mint users) and USDe remains fully backed. Contrary to reports, no assets have been "frozen" and all remain available for redemption. We will be revising our Terms accordingly in the coming week.
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