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 PYUSD - $0.999875291009698 stablecoin to capitalize on the potential of Web3 payments. The asset is backed by US dollar deposits, short-term US Treasuries and similar cash equivalents.

Source: dailyhodl.com

Related symbols: STABLEUSD

2025-05-01 16:57:01 GMT.

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Price & Market Data

Price: $0.999875291009698

Volume 24h: $16,535,320.31

Market Cap: $865,068,602.93

Description

PayPal USD (PYUSD) is a cryptocurrency launched in 2023and operates on the Ethereum platform. PayPal USD has a current supply of 865,176,498.221941. The last known price of PayPal USD is 0.99996373 USD and is up 0.00 over the last 24 hours. It is currently trading on 119 active market(s) with $15,122,761.78 traded over the last 24 hours. More information can be found at https://www.paypal.com/pyusd.