The US Securities and Stock Exchange Committee (SEC) closes its investigation into the funding assets supported by the dollar issued by the giant payment giant.
In August 2023, Payple Stable Paypal usd (Pyusd) came to take advantage of the Web3 payments capabilities.
The original is supported by US dollar deposits, short -term US treasury and similar cash rewards.
By November, Paypal issued a statement saying that the securities organizer was investigating Pyusd and documents related to the original. The company also expressed concern about the uncertainty surrounding Stablecoins.
Nearly two years after receiving the summons, Paypal says that monitoring securities will not follow the investigation. in Form 10-e. Paypal was presented to the Supreme Education Council on April 29, that the organizer does not take legal action.
“In November 2023, we received a summons from the US Paypal USD Stablecoin. In the request for the summons, the summons was asked to produce documents. In February 2025, SEC informed that she was closing this survey without enforce
Development comes amid reports that Paypal plans to provide bonuses for Pyusd users to enhance Stablecoin’s adoption.
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