The American Securities and Exchange (SEC) commission officially closed its investigation into Paypal Holdings, Inc. Stablecoin Paypal USD (Pyusd), according to a quarterly report submitted by the company for the period ending on March 31, 2025.
The announcement was made in a routine 10-q Daying Submitted to the dry and published on April 29. Paypal did not specify the basis of the survey in the file, but confirmed that the federal regulator had concluded its exam without recommending application measures.
Paypal has traveled with uncertain regulatory waters since its launch of Pyusd, a stablecoin fixed to the US dollar and issued in partnership with Paxos Trust Company. The seizure of the SEC survey could allow the financial company to freely conduct its cryptographic operations.
The dry ends a meticulous examination on Pyusd
Paypal presented Pyusd in August 2023, becoming the first major American financial technology company to issue its own stablecoin. The token was designed to facilitate digital payments, funding and electronic commerce transactions in the Paypal ecosystem, including VEVMO.
The involvement of Paxos with Paypal, in addition to a launch of Stablecoin, attracted the interest of the dry led by Gary Gensler. The administration of peopleler has taken the position that most cryptographic tokens, in particular digital assets linked to large companies, are the law of securities.
Paypal opened its doors for surveys and agreed to cooperate with the authorities.
“”The assignment requests the production of documents. We cooperate with the dry as part of this request“, He said in a declaration at the end of 2023.
According to the T1 2025 file, the SEC staff informed Paypal that he had concluded his investigation.
“”The staff of the DEP application of the law of the SEC informed us that he has concluded his investigation and does not intend to recommend an application of application“Noted Paypal in the section of the judicial procedures of the report.
Paypal also posted its profits in the first quarter, which showed that it had received $ 7.79 billion in net revenues, up slightly compared to $ 7.69 billion in the same quarter last year. Net profit also increased to $ 1.29 per diluted share.
As of March 31, 2025, Paypal said he had held significant investments related to cryptography, although the exact figures related to the distribution or the use of Pyusd were not detailed in the file. The company revealed that it had adopted new accounting standards for cryptographic assets at the beginning of 2025, in accordance with the measure of fair value.
Paypal to continue with cryptographic products offers
Under a microscopic watch by financial regulators, Paypal has expanded its crypto offers in the past two years. Platform users can buy, hold and sell crypto like Bitcoin and Ethereum, but he moved into the blockchain infrastructure by launching Pyusd as a means of native payment.
The adoption of the Pyusd has not yet reached the mass scale, but Paypal actively promotes the usefulness of stablecoin for peers and the payment of the merchant. The piece is supported 1: 1 by deposits in US dollars and short -term treasury bills and is subject to monthly certificates published by Paxos.
As reported By cryptopolitan, the awards will accumulate daily and will be disbursed monthly, and will be paid in Pyusd itself.
According to Jose Fernandez Da Ponte, main vice-president and managing director of Blockchain, Crypto and Digital Currencs at Paypal, the company considers stablecoins as “the next generation of payment infrastructure”.
“”Stablecoins can change the payment expenditure profile. But we know it's a long -term trip“Said Da Ponte.
CEO Alex Chriss has added that Paypal could soon integrate Stablecoin features into other financial products, which will lower transaction costs and improve speed for merchants and consumers.
Through a partnership Revived last week, Crypto Exchange Coinbase, listed publicly in the United States, said that it would give up transaction costs for Paypal Pyusd transactions on its platform to increase the use of the stable reserve in global payment networks.
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