The US Securities and Exchange Commission has concluded its investigation into PayPals PYUSD stablecoin without taking enforcement action. This development removes major regulatory concerns for PayPal, paving the way for its deeper exploration into blockchain-based payments. Amid the expanding trend of stablecoins, PayPal seeks to incentivize usage by offering a 3.7% yield on PYUSD balances. The article also highlights increased scrutiny around stablecoins and their resemblance to securities, simultaneously noting the rising participation of various companies in the stablecoin industry.
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