SEC Drops Investigation into PayPal’s Stablecoin

The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the PYUSD stablecoin from payment giant PayPal.

The regulator informed the company of the closure of the inquiry without any claims or penalties.

PayPal received a request from the SEC for documents regarding the “stablecoin” in November 2023. At that time, company representatives stated they were cooperating with the agency.

Since the beginning of the year, the SEC has ended investigations against Coinbase, Robinhood, Ripple, Kraken, ConsenSys, Cumberland, Nova Labs, and Uniswap.

At the time of writing, the market capitalization of PYUSD stands at approximately $879 million.

In April 2025, PayPal added support for Solana and Chainlink for customers in the U.S. and related regions.

Later, the company announced the launch of a loyalty program. In the summer, American users will be offered 3.7% annual returns on PYUSD deposits in PayPal or Venmo.