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Khyathi Dalal

RARE PHOTOS: Paypal receives sec subpoena over pyusd stablecoin - The Real Truth

SEC PayPal United States PayPal Holdings Inc Nasdaq PYPL CFPB Coinbase Venmo

Stablecoin issuer and payments firm, PayPal Holdings Inc (NASDAQ: PYPL) said Thursday that it has received a subpoena from SEC’s Enforcement division regarding its PYUSD, USD-pegged stablecoin, as indicated in its Q3 earnings filing. PHOTO BY MARIIA SHALABAIEVA/UNSPLASH

Stablecoin issuer and payments firm, PayPal Holdings Inc (NASDAQ: PYPL) said Thursday that it has received a subpoena from SEC’s Enforcement division regarding its PYUSD, USD-pegged stablecoin, as indicated in its Q3 earnings filing.

The stablecoin was issued in August 2023 making the company the first major tech firm to support digital currencies for payments and transfers.

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