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2025-04-30 18:08:33

SEC closed the investigation against PayPal Stablecoin - without fines and complaints

The U.S. Securities and Exchange Commission (SEC) has completed an audit of the PayPal-issued PYUSD stablecoin and found no violations. The company received an official notice of termination of the investigation.

Recall:

In November 2023, the SEC requested documents on PYUSD

PayPal announced cooperation with the regulator

Now the capitalization of PYUSD is ~$879 million

This is another case in a series of closed cases: the SEC previously stopped investigations against Coinbase, Ripple, Robinhood, Uniswap, Kraken, ConsenSys, Cumberland, and others.

In April, PayPal also expanded crypto support : – Added Solana and Chainlink

– In the summer, a loyalty program is launched: 3.7% per annum on deposits in PYUSD (via PayPal and Venmo)

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