✅ SEC Drops Investigation into PayPal’s Stablecoin PYUSD!
Big win for PayPal and the stablecoin space!
The U.S. SEC has officially closed its investigation into PayPal USD (PYUSD) with no enforcement action recommended, according to the company’s latest quarterly report!
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🔍 What Happened?
PYUSD launched in August 2023 as a US dollar–backed stablecoin, issued via Paxos
The SEC took interest shortly after, sparking regulatory uncertainty
As of Q1 2025, the SEC concluded its review with no further action
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💼 What This Means for Crypto:
PayPal can now move more freely in its crypto expansion
The company continues to push PYUSD for peer-to-peer & merchant payments
PYUSD is backed 1:1 by USD deposits & short-term Treasuries, with monthly attestations from Paxos
Coinbase now waives fees on PYUSD transactions to boost adoption
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📊 Key Earnings Highlights:
$7.79B in revenue for Q1 2025
Net income rose to $1.29 per diluted share
New crypto accounting standards adopted to reflect fair value
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🧠 Final Word:
"Stablecoins are the next-gen payment infrastructure," says PayPal’s crypto head Jose Fernandez da Ponte. CEO Alex Chriss hinted at even deeper integration of stablecoin functionality across PayPal’s ecosystem soon!
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Is PYUSD finally ready to challenge the stablecoin giants?
Let us know your thoughts below!
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