PayPal, a veteran digital payment company, has got a big relief from American Regulator Sec (Securities and Trade Fee). SEC has now stopped investigation of PayPal’s US Dollar based StableCoin Pyusd and no action will be taken against the company.
PayPal informed in a regulatory filing on 29 April that SEC has completed the ongoing investigation on Pyusd and there will no longer be any enforcement action in this matter. The company was sent to a legal documents by SEC in November 2023, demanding some documents. At that time PayPal said that he is fully collaborating with SEC.
What was the matter about Pyusd?
PayPal launched its own stabilcoin in 2023, named Pyusd. The company claims that it is supported by US $ 100% and includes cash and short-term treasury. However, Pyusd has not yet moved much further in the market as compared to big players like Tether and Circle.
Partnership and rewards with coinbase
PayPal has recently made two important announcements. On 23 April, the company launched a scheme to give 3.7% reward annually for US users to hold Pyusd. Also, on 24 April announced a new partnership with coinbase, accelerating the Pyusd’s adoption speed. According to recent reports, PayPal and Coinbase have free Pyusd Trading ServiceThese major initiatives have been taken to promote crypto payments. Now PayPal and Coinbase have started giving the facility of purchasing and selling American users to Pyusd (PayPal’s stablecoin) without any fees.
Pyusd’s market position
According to CoingEcko, the current market cap of Pyusd is approximately $ 880 million, which is not only 1% of the TETHER (USDT) $ 148.5 billion market cap. Although it has recorded a growth of 75% from the beginning of 2025 so far, it is still 14% below its August 2024 Peak $ 1 billion.
Increase in earnings
PayPal performed brilliantly in Q1 of 2025. The company earned a $ 1.33 per share, which was more than Wall Street’s estimate ($ 1.16). The total revenue was $ 7.8 billion, which is 1% higher than last year. How to develop paypal account Go to the link given to know.
Conclusion
PayPal has got a lot of relief from SEC as now Pyusd Stablecoin investigation has been stopped. Pyusd is considered supported by US dollars. Recently, partnership with coinbase and 3.7% reward scheme has increased its popularity. Although the market is currently lagging behind big players like Tether, but growth is visible.
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