SEC Concludes PayPal Stablecoin Investigation Without Enforcement Action
The U.S. Securities and Exchange Commission has quietly closed its probe into PayPal USD (PYUSD), according to the company’s latest quarterly filing. The regulatory green light removes a key uncertainty for the payment giant’s crypto ambitions.
PayPal launched its dollar-pegged stablecoin in partnership with Paxos Trust last year, immediately drawing scrutiny from watchdogs. The SEC’s decision to drop the investigation signals growing acceptance of compliant stablecoin projects within traditional finance.
Market observers note the development could accelerate institutional adoption of crypto payment rails. PayPal’s established user base positions PYUSD as a potential bridge between fiat and digital asset ecosystems.