1 year ago
PayPal (PYPL) received a subpoena from the U.S. SEC requesting documentation astir its USD stablecoin connected Wednesday, the planetary payments elephantine said successful a filing.
In August, the steadfast announced it was entering the cryptocurrency marketplace with the U.S. dollar-pegged stablecoin, PayPal USD.
"On November 1, 2023, we received a subpoena from the U.S. SEC Division of Enforcement relating to PayPal USD stablecoin. The subpoena requests the accumulation of documents. We are cooperating with the SEC successful transportation with this request," PayPal revealed successful its quarterly net study Thursday.
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