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PayPal Faces SEC Subpoena Over Its PYUSD Stablecoin

In August, PayPal said it would introduce its own U.S. dollar-pegged stablecoin, PayPal USD.

paypal logo on a smartphone booting up the payments app (Marques Thomas/Unsplash, modified by CoinDesk)
(Marques Thomas/Unsplash, modified by CoinDesk)