---
title: "SEC subpoenas PayPal over its USD-pegged stablecoin"
url: https://daily.dev/posts/sec-subpoenas-paypal-over-its-usd-pegged-stablecoin-kbd7wpabp
source_url: https://techcrunch.com/2023/11/02/sec-subpoenas-paypal-over-its-usd-pegged-stablecoin/
type: article
source: "TechCrunch"
published: 2023-11-02T12:41:30.561Z
updated: 2024-02-20T02:13:25.689Z
tags: ["crypto", "paypal", "regulation", "stablecoin"]
reading_time: 1
upvotes: 0
comments: 0
language: en
---

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# SEC subpoenas PayPal over its USD-pegged stablecoin

**[TechCrunch](https://daily.dev/sources/tc)** · 1 min read · 0 upvotes · 0 comments

## Summary

PayPal has received a subpoena from the Securities and Exchange Commission related to its USD-pegged stablecoin, PYUSD. This comes after PayPal launched the stablecoin in August, becoming the first major U.S. financial institution to do so. Other tech companies have also faced regulatory scrutiny over their involvement with digital currencies.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://techcrunch.com/2023/11/02/sec-subpoenas-paypal-over-its-usd-pegged-stablecoin/>

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Tags: [#crypto](https://daily.dev/tags/crypto), [#paypal](https://daily.dev/tags/paypal), [#regulation](https://daily.dev/tags/regulation), [#stablecoin](https://daily.dev/tags/stablecoin)

[View this post on daily.dev](https://daily.dev/posts/sec-subpoenas-paypal-over-its-usd-pegged-stablecoin-kbd7wpabp)