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The U.S. SEC has closed its investigation into PayPal’s PYUSD stablecoin without enforcement action. The inquiry, which began in 2023, examined the asset’s compliance with securities laws. PayPal confirmed the development in a recent regulatory filing.
- PayPal's PYUSD stablecoin was under SEC investigation since November 2023, with the regulator now closing the case without enforcement action.
- PYUSD is backed by U.S. dollar deposits, short-term Treasuries, and cash equivalents, positioning it as a regulated stablecoin option.
- PayPal is reportedly planning to boost PYUSD adoption through user rewards, signaling ongoing investment in crypto payments despite regulatory challenges.
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