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 source: https://dailyhodl.com/2025/05/01/paypal-says-sec-ending-inquiry-into-pyusd-stablecoin-without-any-enforcement-action/