{"id":185889,"date":"2023-11-02T16:18:14","date_gmt":"2023-11-02T10:48:14","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=185889"},"modified":"2023-11-02T16:18:14","modified_gmt":"2023-11-02T10:48:14","slug":"paypal-faces-sec-action-related-to-pyusd-stablecoin-report-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/paypal-faces-sec-action-related-to-pyusd-stablecoin-report-crypto-news\/","title":{"rendered":"PayPal faces SEC action related to PYUSD stablecoin: Report &#8211; Crypto News"},"content":{"rendered":"<div data-v-8081b7b6=\"\">\n<p>Payment giant PayPal has received a subpoena from the United States Securities and Exchange Commission (SEC) regarding its U.S. dollar-pegged stablecoin.<\/p>\n<p>The Enforcement division of the SEC has sent a subpoena to PayPal related to its PayPal USD (PYUSD) stablecoin, the firm disclosed on Nov. 2, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/paypal-receives-sec-subpoena-tied-stablecoin-2023-11-02\/\">according<\/a> to a report by Reuters.<\/p>\n<p>The action comes about three months after <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/paypal-launches-stablecoin-for-payment\">PayPal launched its PYUSD stablecoin<\/a> in early August. The stablecoin is issued by Paxos Trust and backed by U.S. dollar deposits, short-term Treasurys and similar cash equivalents. PYUSD is based on the Ethereum blockchain and is aimed at handling digital payments and Web3.<\/p>\n<p>PayPal and Paxos did not immediately respond to Cointelegraph\u2019s request for comment.<\/p>\n<p class=\"post-content__disclaimer\">This is a developing story, and further information will be added as it becomes available.\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Payment giant PayPal has received a subpoena from the United States Securities and Exchange Commission (SEC) regarding its U.S. dollar-pegged stablecoin. The Enforcement division of the SEC has sent a subpoena to PayPal related to its PayPal USD (PYUSD) stablecoin, the firm disclosed on Nov. 2, according to a report by Reuters. The action comes [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":185890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-185889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/185889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=185889"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/185889\/revisions"}],"predecessor-version":[{"id":185892,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/185889\/revisions\/185892"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/185890"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=185889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=185889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=185889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}