SEC Halts Investigation into PayPal’s PYUSD Stablecoin, Boosting Fintech Stability

The U.S. Securities and Exchange Commission (SEC) has put an end to its probe of PayPal’s PYUSD stablecoin project without taking enforcement action. This signifies a shift in regulatory policy toward stablecoins, particularly for fintech companies like PayPal. Analysts believe this decision could pave the way for more regulated crypto projects and further legitimize the use of stablecoins. ]