News Explorer — PayPal Subpoenaed by SEC Over PYUSD Stablecoin

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Nov 2, 10:58 am

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PayPal Subpoenaed by SEC Over PYUSD Stablecoin

PayPal has disclosed in its quarterly report that it has received a subpoena from the SEC regarding its stablecoin, PYUSD. The subpoena requests the production of documents, and PayPal has stated that it is cooperating with authorities. PYUSD was announced in August and is expected to be pegged to the U.S. dollar and run on Ethereum.

PayPal has disclosed in its quarterly report that it has received a subpoena from the SEC regarding its stablecoin, PYUSD. The subpoena requests the production of documents, and PayPal has stated that it is cooperating with authorities. PYUSD was announced in August and is expected to be pegged to the U.S. dollar and run on Ethereum.

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