US EditionSEC Ditches PayPal's PYUSD Probe, Removing Key Regulatory Hurdle for Its Stablecoin
- Regulators concluded their review of PayPal's dollar-pegged stablecoin PYUSD in February 2025 and decided not to take any enforcement measures.
- In November 2023, the SEC initiated an investigation by issuing a subpoena for documents concerning PYUSD’s launch and structural details, several months after the stablecoin debuted in August 2023.
- PYUSD, issued by regulated Paxos Trust Company, is fully redeemable and backed by U.S. Dollar deposits and short-term Treasury bills, with a market cap near $880 million as of April 2025.
- PayPal announced a partnership with Coinbase on April 24, 2025, to integrate PYUSD and introduced a 3.7% yield reward for U.S. Holders to boost adoption and competitiveness.
- The SEC's closure removes key regulatory uncertainty for PYUSD, supporting PayPal's continued expansion into blockchain payments amid dominance by larger stablecoins like USDT and USDC.
25 Articles
25 Articles
SEC Ends Investigation into PayPal’s Digital Currency: Key D
The SEC concluded its investigation into PayPal's PYUSD without sanctions. PayPal plans innovative strategies to boost PYUSD adoption post-investigation. Continue Reading:SEC Ends Investigation into PayPal’s Digital Currency: Key Developments Unveiled The post SEC Ends Investigation into P...
PayPal Says SEC Ending Inquiry Into PYUSD Stablecoin Without Any Enforcement Action – The Daily Hodl – MAXBIT
The U.S. Securities and Exchange Commission (SEC) is closing its inquiry into the dollar-backed crypto asset issued by the payments giant PayPal. In August 2023, PayPal introduced the PayPal USD (PYUSD) stablecoin to capitalize on the potential of Web3 payments. The asset is backed by US dollar deposits, short-term US Treasuries and similar cash equivalents....
PayPal Says SEC Ending Inquiry Into PYUSD Stablecoin Without Any Enforcement Action
The U.S. Securities and Exchange Commission (SEC) is closing its inquiry into the dollar-backed crypto asset issued by the payments giant PayPal. In August 2023, PayPal introduced the PayPal USD (PYUSD) stablecoin to capitalize on the potential of Web3 payments. The asset is backed by US dollar deposits, short-term US Treasuries and similar cash equivalents.... The post PayPal Says SEC Ending Inquiry Into PYUSD Stablecoin Without Any Enforcement…
PayPal’s PYUSD Cleared by SEC Amid Stablecoin Boom
The U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into PayPals stablecoin, PayPal USD (PYUSD), without pursuing enforcement action. This brings a regulatory chapter to an end that began in November 2023, when the SEC issued a subpoena requesting documents related to PYUSD. According to PayPals recent filing, the agency informed the company in February 2025 that it would not move forward with the case. This…
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