SEC Drops @paypal $ pyusd探測

SEC結束了對Paypal Pyusd Stablecoin的調查，而無需採取任何執法行動，這是該行業的重大發展。

The U.S. Securities and Exchange Commission (SEC) has concluded its probe into PayPal's PYUSD stablecoin without taking any further enforcement action.

美國證券交易委員會（SEC）已在不採取任何進一步執行訴訟的情況下對Paypal的Pyusd Stablecoin進行了調查。

This is a significant development in the realm of cryptocurrency regulation, particularly concerning payment technology firms and the dynamics of the nascent digital asset market.

這是加密貨幣法規領域的重大發展，尤其是關於支付技術公司和新生數字資產市場的動態。

The SEC's investigation, which began in November 2023, focused on examining the structure and issuance processes of PYUSD.

SEC的調查始於2023年11月，重點是檢查Pyusd的結構和發行過程。

The commission's Division of Enforcement had launched the inquiry just three months after the stablecoin's launch, highlighting the rapid pace at which regulatory scrutiny was unfolding.

該委員會的執法部門在簽訂簽發後僅三個月就開始了調查，強調了監管審查正在進行的快速步伐。

This investigation unfolded amid broader efforts by the SEC to assert its jurisdiction over cryptocurrencies operating within the U.S.

在美國證券交易委員會（SEC）宣布其對美國在美國境內運營的加密貨幣的管轄權的更廣泛努力，這項調查發生了。

At the same time, the commission faced criticism for allegedly lagging in registering crypto products and for shutting down promising initiatives through litigation.

同時，委員會因涉嫌落後於註冊加密產品並通過訴訟關閉有希望的計劃而面臨批評。

However, recent actions by the SEC suggest a shift in strategy.

但是，SEC的最新行動表明戰略發生了變化。

After opening probes into major crypto firms like Coinbase and Kraken, the commission ultimately decided not to pursue any further action.

在對Coinbase和Kraken等主要加密公司開放調查後，委員會最終決定不採取任何進一步行動。

This also includes Consensys, which was previously subject to intensive regulatory investigations.

這還包括共識，以前曾接受密集監管調查。

According to legal experts, this trend signifies an evolving climate within the SEC, likely guided by the new Crypto Task Force.

根據法律專家的說法，這一趨勢表示SEC內不斷發展的氣候，可能是由新的加密特遣部隊指導的。

The regulator's decision to close the probe into PayPal's PYUSD is likely to eliminate significant legal uncertainty surrounding the initiative.

監管機構決定關閉貝寶（Paypal）PYUSD的調查的決定可能會消除圍繞該計劃的嚴重法律不確定性。

This could potentially boost investment in the stablecoin and encourage broader adoption among consumers and institutions.

這可能會增加對穩定幣的投資，並鼓勵在消費者和機構中更廣泛的採用。

PayPal itself highlighted its full cooperation during the investigation and commitment to compliance alongside digital finance innovation.

貝寶（Paypal）本身強調了其在調查和對數字金融創新以及合規性承諾期間的全面合作。

"We engaged fully with the SEC and appreciate the cooperation and coordination among the relevant parties throughout this process. We continue to actively navigate this evolving legal and regulatory landscape. At PayPal, we are driven by a deep commitment to both compliance and innovation, particularly in the realm of digital assets and payments technology. We believe that fostering synergies between these domains is crucial for advancing the financial industry and delivering optimal value to our stakeholders," a spokesperson for PayPal said.

“我們與SEC充分互動，並欣賞相關方之間在整個過程中的合作與協調。我們繼續積極地導航這一不斷發展的法律和監管環境。在Paypal，我們的驅動是由對合規性和創新的深刻承諾所驅動的，尤其是在數字資產和付款技術之間的最佳範圍。我們相信我們在促進了我們的範圍。利益相關者，貝寶發言人說。

Can PYUSD Compete Despite Fierce Stablecoin Rivalry?

儘管強烈的穩定競爭，Pyusd可以競爭嗎？

While regulatory clarity is a positive development, PYUSD faces significant challenges in a rapidly growing and competitive stablecoin market.

儘管監管清晰度是積極的發展，但Pyusd在快速增長且競爭激烈的Stablecoin市場面臨重大挑戰。

Established players like Tether currently hold a nearly 90% market share in this sector.

像Tether這樣的成熟參與者目前在該領域擁有近90％的市場份額。

Launched in August 2023, the PayPal PYUSD stablecoin is a dollar-pegged digital token that maintains full backing through dollar deposits and short-term Treasury bills.

Paypal Pyusd Stablecoin於2023年8月推出，是一款美元的數字代幣，可通過美元存款和短期財政賬單保持全部支持。

Initially deployed on the Ethereum network, PYUSD later expanded its footprint to the Solana blockchain, offering users more options for engaging with the stablecoin.

Pyusd最初部署在以太坊網絡上，後來將其足跡擴展到Solana區塊鏈，為用戶提供了更多與Stablecoin互動的選項。

Since its introduction, PYUSD has seen fluctuating adoption rates.

自引入以來，Pyusd的採用率波動。

The token's supply reached a peak in August 2024, but it later recovered, showcasing the ebb and flow of demand for the stablecoin.

代幣的供應在2024年8月達到了高峰，但後來恢復了，展示了對穩定的人的潮起潮落和需求流。

To further boost PYUSD's appeal, PayPal is rolling out new strategies concentrating on increasing the token's user adoption and utility.

為了進一步提高Pyusd的吸引力，PayPal正在推出新的策略，專注於增加令牌的用戶採用和實用程序。

The company announced a 3.7% annual reward for users who hold PYUSD in their PayPal or Venmo wallets.

該公司宣佈為在PayPal或Venmo錢包中持有Pyusd的用戶的年度獎勵3.7％。

This reward program, which was disclosed on April 23, features daily accruals that are credited monthly beginning in the summer of 2025.

該獎勵計劃於4月23日披露，該計劃的每日應計算機從2025年夏季開始。

The initiative aims to foster loyalty and encourage users to hold PYUSD for longer periods and use it more frequently for everyday transactions.

該計劃旨在促進忠誠度並鼓勵用戶將Pyusd持續更長的時間，並更頻繁地將其用於日常交易。

This promotes the use of digital currency for commerce, peer-to-peer payments, and international transfers via Xoom.

這促進了數字貨幣用於商業，點對點付款以及通過Xoom的國際轉讓。

However, these incentives must be compelling enough to attract users who might currently prefer more established stablecoin alternatives offered by rivals.

但是，這些激勵措施必須具有足夠的引人注目，以吸引那些目前可能更喜歡競爭對手提供的更既定的Stablecoin替代方案的用戶。

Will Strategic Alliances Drive PYUSD Adoption?

戰略聯盟會推動PYUSD採用嗎？

In a move that could significantly boost PYUSD's adoption and utilization, PayPal announced a strategic partnership with Coinbase on April 24.

貝帕爾（Paypal）的舉動可能會大大提高PYUSD的採用和利用方式，於4月24日宣布與Coinbase建立戰略合作夥伴關係。

The partnership will offer zero-fee conversions and seamless 1:1 redemptions for PYUSD directly on Coinbase's platform.

該合作夥伴關係將直接在Coinbase的平台上為Pyusd提供零收費的轉換和無縫的1：1贖回。

This collaboration aims to foster real-world use cases for stablecoins and render them more accessible to diverse user groups.

這項合作旨在培養現實世界中的穩定劑案例，並使各種用戶群體更容易訪問它們。

Coinbase's support signifies growing institutional acceptance of PYUSD, which is likely to facilitate broader usage across various transaction types.

Coinbase的支持表明，Pyusd的製度接受程度不斷增加，這很可能有助於各種交易類型的更廣泛使用。

This integration is particularly beneficial for Coinbase's large customer base in the American market.

這種整合對Coinbase在美國市場上的大型客戶群特別有益。

"We are excited to offer our customers more choices and expand the possibilities within the fast-growing digital asset ecosystem. This partnership will bring the benefits of PYUSD to Coinbase's vibrant user community," said Alex Chriss, Coinbase's CEO.

Coinbase首席執行官Alex Chriss表示：“我們很高興為客戶提供更多的選擇，並擴大快速增長的數字資產生態系統中的可能性。這種合作夥伴關係將使Pyusd的好處帶給Coinbase的充滿活力的用戶社區。”

Chriss expressed optimism regarding the partnership's potential contribution to embedding PYUSD within PayPal's digital payments ecosystem.

克里斯（Chriss）對夥伴關係對將PYUSD嵌入Pa​​yPal的數字支付生態系統的潛在貢獻表示樂觀。

"We believe that this partnership can play a role in advancing the broader adoption of digital currencies and expanding the financial services available to our customers," he added.

他補充說：“我們認為，這種夥伴關係可以在推進更廣泛的數字貨幣採用並擴大我們客戶可用的金融服務方面發揮作用。”

This significant regulatory victory arrives as PayPal reported strong financial results, which could bolster investor confidence.

隨著PayPal報導了強大的財務業績，這一重大監管勝利的到來，這可能會增強投資者的信心。

The firm announced first-quarter earnings of $1.33 per share, besting

該公司宣布了每股1.33美元的第一季度收益