PayPal Says SEC Drops Probe Into Its Dollar-Pegged Stablecoin

The US Securities and Exchange Commission (SEC) has officially ended its investigation into PayPal’s US dollar-pegged stablecoin, PYUSD, without taking any enforcement action, the payments company disclosed in a regulatory filing on April 29. The inquiry, which began in November 2023, followed a subpoena from the SEC’s Division of Enforcement requesting documents related to the. source: https://99bitcoins.com/news/paypal-says-sec-drops-probe-into-its-dollar-pegged-stablecoin/