SEC examines PayPals StableCoin and gives the green light for crypto expansion

The regulatory clouds via PayPals StableCoin Pyusd have dissolved because the SEC officially stopped their investigation without taking further measures.

The update, which tacitly in the company's documents for the first quarter of 2025 announcedwas marked a significant moment for the growing crypto ambitions of PayPal.

Pyusd, which was introduced in mid-2023 in cooperation with Paxos, had attracted the attention of the US supervisory authorities shortly after its introduction. The reasons for the investigation of the SEC were never published, but PayPal confirmed that the authority has completed its examination and that no further measures will take. With the removal of this hurdle, the FinTech company can now progress more freely to integrate blockchain-based payments into everyday life.

PayPal has made constant progress when expanding its crypto offer, including the opportunity for users to buy and sell digital assets such as Bitcoin and Ethereum. However, the StableCoin initiative is still the focus of the company's long-term vision. PYUSD is coupled to the US dollar, is supported by reserves and short-term government bonds and is positioned as an instrument for fast and inexpensive payments.

Despite the previously limited acceptance, the company advertises the token for peer-to-peer transfers and dealer payments. The managers see stable coins as an important part of the future financial infrastructure and plan to expand integration into the entire PayPal range of services. Coinbase also joined this initiative and abolished the fees for PYUSD transactions, which underlines the increasing importance of the tokens for mainstream payment transactions.

PayPal's results for the first quarter showed moderate growth with sales of $ 7,79 billion. The report did not contain any detailed information on the use of PYUSD, but pointed out the introduction of updated accounting standards for crypto-assets.