The United States Securities and Exchange Commission (SEC) has issued a subpoena to global payment giant, PayPal over its newly launched stablecoin, PYUSD. On Nov 2, PayPal Holdings announced that it received a subpoena from the enforcement arm of the SEC tied to its U.S. dollar stablecoin according to a Reuters report. The company launched The post PayPal Faces Regulatory Scrutiny as SEC Subpoenas PYUSD Stablecoin appeared first on Cryptonews .
