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15.11 - 20:00
PayPal discloses SEC subpoena tied to stablecoin
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investing.com(Reuters) — Payments firm PayPal (NASDAQ:PYPL) Holdings said on Thursday it had received a subpoena from the Securities and Exchange Commission (SEC) tied to its U.S. dollar stablecoin.
The company became the first major financial technology firm to embrace digital currencies for payments and transfers when it launched its stablecoin in August.
Stablecoins are crypto tokens whose monetary value is pegged to a stable asset to protect potential investors from wild volatility.
Read more on investing.comAbout this in other media
Bitcoin Price Prediction: BTC Stabilizes Near $35,000 Amid SEC Hiring Woes & Rising Fees cryptonews.com /1 year ago
US lawmaker proposes to cut SEC chair Gary Gensler’s salary to $1 cointelegraph.com /1 year ago
PayPal receives SEC subpoena over stablecoin finextra.com /1 year ago
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