US SEC quietly closes PayPal’s PYUSD inquiry

When PayPal rolled out its own dollar-tied stablecoin, PYUSD, back in August 2023, it was ready to compete with the likes of Tether and Circle, only for the US Securities and Exchange Commission to start probing the company for issuing the stablecoin. Fast-forward nearly two years, and the chatter around a looming SEC enforcement action

Source: Invezz