PYPL Says It Received U.S. SEC Subpoena About Its U.S. Dollar-Pegged Stablecoin

5 Questions About PayPal’s Ethereum-Based Stablecoin (PYUSD)

“On November 1, 2023, we received a subpoena from the U.S. SEC Division of Enforcement relating to PayPal USD stablecoin. The subpoena requests the production of documents. We are cooperating with the SEC in connection with this request,” PayPal revealed in its quarterly earnings report filed Wednesday.

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