Confused⚠️ MiCA is a law designed to comprehensively regulate crypto in the EU to increase transparency, prevent money laundering, and protect consumers, which projects like Ethena have just been hit with.  

$USDe in the EU?  Gas ⛽️🫡

Converge will deliver a highly-performant EVM compatible network, with an equivalent developer experience to Ethereum mainnet

Ethena and Securitize will be releasing more details related to the technical stack and developer documentation in the coming weeks

A more formal

USDe, USDtb and sENA will sit at the core of chain

Converge will be built with a permissioned set of institutional validators who will need to stake ENA to secure the network

Both USDe and USDtb will be enable the network's native gas token, allowing for users to more easily https://t.co/a9zt75iY9l

Ethena Labs

Confused⚠️ MiCA is a law designed to comprehensively regulate crypto in the EU to increase transparency, prevent money laundering, and protect consumers, which projects like Ethena have just been hit with.  

$USDe in the EU?  Gas ⛽️🫡 https://x.com/ethena_labs/status/1901672815654481990