The American Commission for Securities and Exchange (SEC) officially ended its investigation into Paypal stablecoin, Pyusd, without taking application measures, the payment company disclosed in a Regulatory deposit on April 29.
The investigation, which began in November 2023, followed an assignment of the Division of the Application of SEC laws requesting documents related to Stablecoin.
Paypal confirmed at the time that he cooperated with the regulator. In its latest file, the company said it was informed in February that the dry to enclose The case.
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Paypal launched the stablecoin in 2023
Launched in August 2023, Paypal’s stablecoin is marketed fully sustained and exchangeable for US dollars, supported by cash and short -term cash deposits.
Despite the support and prominent position of Paypal in the space of digital payments, Pyusd had trouble competing on a market dominated by industry leaders like Tether and Circle.
With a current market capitalization of approximately $ 880 million, Pyusd holds less than $ 148.5 billion in TETHER.
However, there have been renewed momentum signs. Since the beginning of 2025, the supply of Pyusd has increased by 75%, according to Coingecko data, although it remains 14% below its peak in August 2024.
Boost is involved in the midst of new initiatives to increase Adoption, including a loyalty program announced on April 23, which offers American users 3.7% annual awards for Pyusd.
RUP:
The dry puts an end to the survey on the stablecoin pyusd of Paypal without application pic.twitter.com/0fefjwnj5d
– Crypto Rover (@rovercrc) April 30, 2025
RUP:Paypal also unveiled a strategic partnership with Coinbase on April 24 to generate a wider use of Stablecoin.
The regulatory authorization comes while Paypal puts a solid benefit from the first quarter, beating the expectations of Wall Street with $ 1.33 per share and generating $ 7.8 billion in revenues – at 1% compared to the previous year, while completing significant action buyouts.
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Samurai portfolio case put on hold
In another legal victory for the cryptography industry, federal prosecutors and the defense team for the co-founders of Samurai Wallet asked for delay in legal proceedings As the two parties weigh the possibility of rejecting the case.
In a letter To the American district judge Richard Berman, lawyers of the CEO of Samurai Wallet Keonne Rodriguez and the CTO William Hill asked for a continuation of 16 days of the deadlines for the preliminary request.
A coalition of 34 cryptographic companies and advocacy groups Exhort the congress to repel what they call an “unprecedented and too large” legal interpretation used by the United States Ministry of Justice (DoJ) in its case against the developers of Crypto Mixer Tornado Cash.
In a letter dated March 26, 2025, the group – led by the DEFI education fund and co -signed by the main players in the industry, notably Coinbase and Kraken – has made legislators that the current MJ position could criminalize almost all blockchain software developers.
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Key dishes to remember
- The SEC officially closed its investigation into the stablecoin of Pyusd de Paypal without taking application measures.
- Pyusd’s supply increased 75% in 2025, helped by new adoption initiatives as a program of loyalty awards.
- Paypal’s strategic partnerships and the strong benefit signal of the first quarter have renewed a momentum for its ambitions as Stablecoin.
The post Paypal indicates that dry drops probe on its stable coin in dollars appeared first on 99Bitcoins.
