SEC Ends Scrutiny of PayPal’s Stablecoin, PYUSD

The US Securities and Exchange Commission (SEC) has formally closed its investigation into PayPal Holdings Inc.’s stablecoin, PayPal USD (PYUSD). The news came as part of the company’s quarterly report for the period ending March 31, 2025. This closure marks a significant development for PayPal, which had been under SEC scrutiny since launching PYUSD in August 2023. The stablecoin is pegged to the US dollar and issued in partnership with Paxos Trust Company. The SEC’s decision not to recommend enforcement action allows PayPal greater freedom to operate in the cryptocurrency space. ]