Altcoins

SEC Comes After PayPal: Issues Subpoena Over PYUSD Stablecoin

02.11.2023

Payments giant, PayPal ($PYPL), has confirmed that it has been issued a subpoena by the US Securities and Exchange Commission, allegedly relating to its recently introduced, US dollar-pegged stablecoin, $PYUSD, as reported by Reuters.

What is PYUSD?

PYUSD is major payments company PayPal’s addition to the cryptocurrency stablecoin sector.

The token was launched in August 2023, and is available to “Buy, sell, hold, and transfer” via the PayPal application, within jurisdictions which permit it.

According to CoinMarketCap, the token already boasts a market capitalization of nearly $160 million and is listed on major centralized exchanges such as Coinbase, Kucoin, and Kraken.

‍

Screenshot taken from PayPal.com

Source

Click to rate this post!
[Total: 0 Average: 0]
02.11.2023
Show More

Leave a Reply

Your email address will not be published. Required fields are marked *

  • bitcoinBitcoin (BTC) $ 95,870.00
  • ethereumEthereum (ETH) $ 3,336.41
  • tetherTether (USDT) $ 0.999119
  • dogecoinDogecoin (DOGE) $ 0.314568
  • usd-coinUSDC (USDC) $ 1.00
  • cardanoCardano (ADA) $ 0.895043
  • tronTRON (TRX) $ 0.249510
  • chainlinkChainlink (LINK) $ 23.11
  • stellarStellar (XLM) $ 0.357263
  • hedera-hashgraphHedera (HBAR) $ 0.277379
  • bitcoin-cashBitcoin Cash (BCH) $ 444.39
  • leo-tokenLEO Token (LEO) $ 9.43
  • litecoinLitecoin (LTC) $ 102.28
  • crypto-com-chainCronos (CRO) $ 0.155392
  • ethereum-classicEthereum Classic (ETC) $ 26.41
  • vechainVeChain (VET) $ 0.046321
  • moneroMonero (XMR) $ 190.32
  • daiDai (DAI) $ 0.999913
  • algorandAlgorand (ALGO) $ 0.364655
  • okbOKB (OKB) $ 45.40
  • cosmosCosmos Hub (ATOM) $ 6.50
  • blockstackStacks (STX) $ 1.62
  • theta-tokenTheta Network (THETA) $ 2.24
  • gatechain-tokenGate (GT) $ 13.20
  • makerMaker (MKR) $ 1,564.83
  • kucoin-sharesKuCoin (KCS) $ 11.12
  • tezosTezos (XTZ) $ 1.30
  • eosEOS (EOS) $ 0.796474
  • iotaIOTA (IOTA) $ 0.298370
  • neoNEO (NEO) $ 14.13
  • zcashZcash (ZEC) $ 59.66
  • matic-networkPolygon (MATIC) $ 0.478448
  • havvenSynthetix Network (SNX) $ 2.01
  • tether-goldTether Gold (XAUT) $ 2,628.88
  • true-usdTrueUSD (TUSD) $ 1.00
  • dashDash (DASH) $ 36.28
  • holotokenHolo (HOT) $ 0.002402
  • zilliqaZilliqa (ZIL) $ 0.021080
  • enjincoinEnjin Coin (ENJ) $ 0.222387
  • 0x0x Protocol (ZRX) $ 0.456256
  • siacoinSiacoin (SC) $ 0.005716
  • basic-attention-tokenBasic Attention (BAT) $ 0.220202
  • qtumQtum (QTUM) $ 3.12
  • ravencoinRavencoin (RVN) $ 0.021028
  • bitcoin-goldBitcoin Gold (BTG) $ 17.13
  • decredDecred (DCR) $ 16.62
  • nemNEM (XEM) $ 0.025447
  • digibyteDigiByte (DGB) $ 0.012172
  • ontologyOntology (ONT) $ 0.227022
  • nanoNano (XNO) $ 1.42
  • iconICON (ICX) $ 0.173873
  • statusStatus (SNT) $ 0.042597
  • hiveHive (HIVE) $ 0.365014
  • wavesWaves (WAVES) $ 1.65
  • huobi-tokenHuobi (HT) $ 1.05
  • liskLisk (LSK) $ 0.931062
  • steemSteem (STEEM) $ 0.259149
  • numeraireNumeraire (NMR) $ 15.02
  • paxos-standardPax Dollar (USDP) $ 0.999926
  • binance-usdBUSD (BUSD) $ 1.00
  • omisegoOMG Network (OMG) $ 0.333246
  • republic-protocolRen (REN) $ 0.028739
  • bitcoin-diamondBitcoin Diamond (BCD) $ 0.062659
  • bytomBytom (BTM) $ 0.004151