SEC drops investigation into PayPal's stablecoin

PayPal says the US Securities and Exchange Commission has abandoned its investigation into the payment giant's US-dollar stablecoin.PayPal said in an April 29 regulatory filing that the SEC concluded its investigation into PayPal USD PYUSD PYUSD - $0.999857572989709 and wouldn't be taking any action. The company said it received a subpoena from the SEC's Division of Enforcement over its stablecoin in November 2023.

Source: cointelegraph.com

Related symbols: STABLEUSD

2025-04-30 05:58:02 GMT.

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Price & Market Data

Price: $0.999857572989709

Volume 24h: $16,371,212.10

Market Cap: $865,053,273.72

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.