PayPal
SEC subpoenas PayPal over its USD-pegged stablecoin
PayPal, the global payments leader, is currently facing scrutiny from the U.S. Securities and Exchange Commission (US SEC) regarding its PayPal USD (PYUSD) stablecoin. What is PYUSD? PYUSD is a stablecoin pegged to the U.S. dollar, introduced by PayPal in August. This marked a significant milestone as a