The United States Stock Exchange and Securities Commission has closed its research on Stablecoin backed by PayPal dollars, Paypal Usd (Pyusd), without taking execution measures, finishing a regulatory chapter that began more than a year ago, the company said.
“In November 2023, we received a citation of the United States -related control division related to PayPal Usd Stablecoin. The citation requested the production of documents. In February 2025, the SEC reported that it was closing this consultation without application actions,” PayPal discounted this week in a presentation.
Wednesday’s presentation marks the last SEC movement to eliminate research and demands against cryptographic companies. The regulator has informed more than a dozen companies that would launch research and cases.
Read more: PayPal faces the SEC citation about its Pyusd Stablecoin
Stablecoins, digital tokens linked to fiduciary currencies such as the US dollar, have become a focal point in the debate on how cryptography should be regulated. Regulators have questioned whether these instruments resemble values or funds of the money market, which could attract emitters such as Circle and Tether to greater scrutiny. PayPal’s participation attracted greater attention due to its size, brand recognition and scope in traditional and digital finances.
For PayPal, the resolution of the SEC probe eliminates a key regulatory cantilever as blockchain continues to be deeply pushed. The company launched Pyusd in Ethereum in August 2023 as a stable of a paste with a dollar backed by short -term treasury invoices and dollars in dollars, designed for use in payments between pairs, commerce and decentralized applications.
The news also arrives at a time when Stablecoins is becoming the most popular trend among cryptographic and traditional companies. Companies such as Ripple, Mastercard, Visa, Dutch Bank Ing and Stripe join the Stablecoin industry. According to the reports, Ripple even offered $ 4 billion or $ 5 billion to buy the circle of stablecoin emitters. Meanwhile, the Risk firm Andreessen Horowitz (A16Z) said that Stablecoins is in a “WhatsApp moment” for money transfers, with the potential to interrupt the payments industry as the instant messages did for cross -border telephone calls and text messages.
Amid an intensifier competition, PayPal recently said that he is ready to start offering users of the United States a 3.7% yield in the balances of their Pyusd to increase the bet in the Stablecoin wars. Stablecoin of the payment giant has a market capitalization of $ 887 million, which places it in the sixth place among the stablecoin issuers, according to CoinmarketCap data.
Read more: Stablecoin Market could grow to $ 2T at the end of 2028: Standard Chartered
Discharge of responsibility: This article was generated with artificial intelligence tools and reviewed by our editorial team to guarantee the precision and compliance with our standards. For more information, see Coindesk’s complete policy. This article may include information from external sources, which are listed below when appropriate.
