Bitcoin
Bitcoin (BTC)
$62,741.00 4.50458
Bitcoin price
Ethereum
Ethereum (ETH)
$3,344.94 4.48028
Ethereum price
BNB
BNB (BNB)
$561.90 4.62293
BNB price
Solana
Solana (SOL)
$152.48 4.81169
Solana price
XRP
XRP (XRP)
$0.5330540 0.20164
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000180 3.54324
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000095 5.36724
Pepe price
Bonk
Bonk (BONK)
$0.0000243 2.93806
Bonk price
Bitcoin
Bitcoin (BTC)
$62,741.00 4.50458
Bitcoin price
Ethereum
Ethereum (ETH)
$3,344.94 4.48028
Ethereum price
BNB
BNB (BNB)
$561.90 4.62293
BNB price
Solana
Solana (SOL)
$152.48 4.81169
Solana price
XRP
XRP (XRP)
$0.5330540 0.20164
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000180 3.54324
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000095 5.36724
Pepe price
Bonk
Bonk (BONK)
$0.0000243 2.93806
Bonk price
Bitcoin
Bitcoin (BTC)
$62,741.00 4.50458
Bitcoin price
Ethereum
Ethereum (ETH)
$3,344.94 4.48028
Ethereum price
BNB
BNB (BNB)
$561.90 4.62293
BNB price
Solana
Solana (SOL)
$152.48 4.81169
Solana price
XRP
XRP (XRP)
$0.5330540 0.20164
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000180 3.54324
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000095 5.36724
Pepe price
Bonk
Bonk (BONK)
$0.0000243 2.93806
Bonk price
Bitcoin
Bitcoin (BTC)
$62,741.00 4.50458
Bitcoin price
Ethereum
Ethereum (ETH)
$3,344.94 4.48028
Ethereum price
BNB
BNB (BNB)
$561.90 4.62293
BNB price
Solana
Solana (SOL)
$152.48 4.81169
Solana price
XRP
XRP (XRP)
$0.5330540 0.20164
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000180 3.54324
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000095 5.36724
Pepe price
Bonk
Bonk (BONK)
$0.0000243 2.93806
Bonk price

SEC issues subpoena to PayPal over its PYUSD stablecoin

sec-issues-subpoena-to-paypal-over-its-pyusd-stablecoin
Edited by
News
SEC issues subpoena to PayPal over its PYUSD stablecoin

A spokesperson for PayPal confirmed to Reuters that the company had received a subpoena tied to its U.S. dollar stablecoin.

Payments giant PayPal received an investigative subpoena from the U.S. Securities and Exchange Commission (SEC) regarding its stablecoin tied to the U.S. dollar, the company revealed in its latest 10-Q report.

While the details behind the move remain unclear, the firm said the subpoena “requests the production of documents.” PayPal added it is cooperating with the SEC “in connection with this request.”

In a commentary to Reuters, a spokesperson for PayPal confirmed the request but did not elaborate on the matter.

PayPal launched its stablecoin dubbed PYUSD on Aug. 7, 2023, in collaboration with crypto infrastructure firm Paxos. The stablecoin is backed by U.S. dollar deposits, short-term U.S. Treasuries, and other cash equivalents that help ensure its stability.

Almost a month later, on Sept. 11, PayPal added a feature that allowed users to convert digital currencies into U.S. fiat.

The stablecoin is being issued by Paxos Trust Company on the Ethereum (ETHblockchain as an ERC-20 token designed to align with crypto wallets and web3 applications.