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PayPal says SEC closes probe into USD stablecoin ‘without enforcement action’

PayPal (PYPL) disclosed in a regulatory filing that “In November 2023, we received a subpoena from the U.S. SEC Division of Enforcement relating to PayPal USD stablecoin. The subpoena requested the production of documents. In February 2025, the SEC communicated it was closing this inquiry without enforcement action.”

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