SEC Clears PayPal’s PYUSD Stablecoin Without Enforcement

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In November 2023, SECS investigation was Wey Paypal received a summons of the application division, requesting documents related to the Pyusd launch and structure. PayPal declared that he fully cooperated with the applications of the SEC. In February, the SEC notified PayPal that he had completed his research and had no intention of recommending any compliance action. Research without compliance, the SEC leaves an investigation into Paypal Stablecoin – Mitrade)

Pyusd, launched in August 2023, is designed to be backed by US dollars deposits, including short -term treasure bonds and cash equivalents, and can be redeemed to a relationship: 1 with the US dollar. Despite its support and the prominent position of PayPal in the digital payments space, Pyusd has faced challenges in a significant market share in a stable market dominated by competitors such as Tether and Circle. Research without compliance, PayPal Seys SEC leaves probe in its dollar stable)

A or April 2025, Pyusd market capitalization is approximately $ 880 million, which represents less than 1% of market capitalization of $ 148.5 billion tether. However, the stablcoin has experienced a growth in 2025, with an increase of 75% in the circulating supply since the beginning of the year, although it is still 14% below its maximum supply of approximately $ 1 billion in August in August 2024.

PayPal has introduced initiatives aimed at reinforcing the adoption of Pyusd. On April 23, the company announced a new loyalty offer that allows users to win 3.7% per year to keep Pyusd on the platform. In addition, on April 24, PayPal revealed an association with Coinbase to improve the adoption of Pyusd, with the aim of promoting new and innovative use cases within the cryptocurrency community.

The DEC decision of closing the investment in Pyusd without the compliance action being aligned with a broader trend of the agency that concludes several cases related to the cryptographic. In recent months, SEC has finished probes in companies such as Crypto.com, Robinhood Crypto, Coinbase and Gemini, indicating a potential change in the regulatory approach towards the cryptocurrency industry. Research without compliance action)

This regulatory clarity occurs when PayPal reported strong earnings from the first quarter, with profits per share that surf in Wall Street forecasts at $ 1.33 and revenues increased 1% year after year to $ 7.8 billion. The company also highlighted the completion of an important duration of shares of shares in the quarter. Research without compliance action)