# USDE in FR — Stablecoin × Country Checker | StableRadar

> USDE in FR: issuer licence records, token approvals, applicable laws and licensed providers with official primary sources and check dates. Not legal advice.

Canonical: https://stableradar.com/check/usde/fr
Generated: 2026-11-13T12:44:21.915Z (live figures are a snapshot at build time; see the canonical page for current values)

# Stablecoin × country checker: USDE in France
Public licence, token-approval, law and provider records with official sources. Part of [Regulatory Intelligence](https://stableradar.com/regulation/intelligence).

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### USDE in 🇫🇷 France
Issuer: [Ethena](https://stableradar.com/issuer/ethena) · records from StableRadar datasets as of 2026-10-26. This is a list of public records, not an assessment of whether USDE may be used in France.

[USDE · Stablecoin profile →](https://stableradar.com/coin/usde)

#### Issuer licence records
No MiCA authorisation — BaFin ordered wind-down of Ethena GmbH USDe business

Dataset status: Confirmed Non-Compliance

BaFin

15 Apr 2025

Recorded in another EU member state (DE); passporting into France not verified

bafin.de ↗

dataset as of 2026-10-26

#### Token approval by a regulator
Not verified — no token-level regulator record for USDE in France in the dataset.

#### Applicable laws & status
Markets in Crypto-Assets Regulation (EU) 2023/1114 (MiCA)

Dataset status: In force

EBA, ESMA, national competent authorities

31 May 2023 · effective Titles III–IV (ART/EMT): 30 Jun 2024; full application 30 Dec 2024

European Union

eur-lex.europa.eu ↗

link checked 2026-10-26

MiCA full application (CASPs)

Dataset status: In Force

30 Dec 2024

European Union (implementation milestone)

esma.europa.eu ↗

link checked 2026-10-26

ESMA expectations — non-MiCA stablecoins

Dataset status: Published

8 Oct 2026 (per TZ)

European Union (implementation milestone)

Not verified

dataset link ↗

#### Licensed providers supporting it
Not verified Licensed providers in France: none matched a regulator register in the dataset (not verified)

Not legal advice. StableRadar does not state whether any stablecoin is allowed or forbidden anywhere. Records are shown as published in the linked official sources; “Not verified” means the dataset has no official primary source for that item. Check the source and seek professional advice.

Last updated: 26 Oct 2026 · Sources: [CoinGecko](https://www.coingecko.com/), [DefiLlama](https://defillama.com/stablecoins), [XRPL](https://xrpl.org/)