The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into PayPal's PYUSD stablecoin, bringing relief to the payment giant. CryptoNews sources reported that the SEC initially issued a subpoena in November 2023, requesting documents related to PYUSD's operation and compliance. PayPal confirmed on April 29th that the SEC notified them in February 2025 of its decision to close the investigation. No further action will be taken against PayPal regarding PYUSD. This positive outcome allows PayPal to continue developing and promoting its stablecoin without the shadow of regulatory scrutiny. PYUSD is pegged to the U.S. dollar and designed for seamless digital payments and transfers. With the SEC investigation now closed, PayPal can focus on expanding PYUSD's adoption and integration within its vast ecosystem and beyond, potentially impacting the broader stablecoin market. ```
