美國證券交易委員會已關閉對貝寶（Paypal）美元支持的Stablecoin，PayPal USD（PYUSD）的調查

傳票要求生產文件。 2025年2月，美國證券交易委員會（SEC）傳達了它正在關閉此調查，而無需執行行動

The U.S. Securities and Exchange Commission has closed its probe into PayPal's dollar-backed stablecoin, PayPal USD (PYUSD), without taking any further action, the company said.

該公司表示，美國證券交易委員會已關閉了對PayPal的美元支持的Stablecoin Paypal USD（PYUSD）的調查，而無需採取任何進一步的訴訟。

"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 any further action," PayPal disclosed this week in a filing.

“ 2023年11月，我們從美國SEC的執法部門收到了與PayPal USD Stablecoin有關的傳票。傳票要求生產文件。2025年2月，SEC傳達了該詢問的情況，沒有進一步的行動，” PayPal本週在申請文件中透露。 ”

Wednesday's filing marks the latest SEC move to drop probes and lawsuits against crypto companies. The regulator has informed more than a dozen firms that it would drop investigations and cases.

週三的提交標誌著最新的SEC舉動，以撤銷針對加密貨幣公司的調查和訴訟。監管機構已通知多家公司，它將撤銷調查和案件。

Related: PayPal Faces SEC Subpoena Over Its PYUSD Stablecoin

相關：PayPal面對SEC傳票的Pyusd Stablecoin

Stablecoins — digital tokens pegged to fiat currencies like the U.S. dollar — have become a focal point in the broader debate over how crypto should be regulated. Regulators have questioned whether these instruments resemble securities or money market funds, which could draw in issuers such as Circle and Tether to greater scrutiny. PayPal's involvement attracted attention due to its size, brand recognition and reach across traditional and digital finance.

Stablecoins（數字代幣與美元貨幣（如美元）掛鉤）已成為有關如何調節加密貨幣的更廣泛辯論的重點。監管機構質疑這些工具是否類似於證券或貨幣市場基金，這些資金可能會吸引諸如Circle和Tether等發行人以進行更大的審查。貝寶（Paypal）的參與引起了人們的關注，因為它的規模，品牌知名度以及傳統和數字融資的範圍。

For PayPal, the resolution of the SEC's probe removes a key regulatory overhang as it continues to push deeper into blockchain-based payments. The company launched PYUSD on Ethereum in August 2023 as a dollar-pegged stablecoin backed by short-term U.S. Treasury bills and dollar deposits, designed for use in peer-to-peer payments, commerce and decentralized applications.

對於貝寶（PayPal）而言，SEC探測器的解決方案消除了關鍵的監管懸垂性，因為它繼續將其深入到基於區塊鏈的付款中。該公司於2023年8月在以太坊上推出了Pyusd，這是一筆以美元穩定的穩定性，並以短期美國財政賬單和美元存款為後盾，該賬單和美元存款旨在用於點對點付款，商業和分散申請。

The news also comes at a time when stablecoins are becoming the hottest trend among crypto and TradFi firms. Companies such as Ripple, Mastercard, Visa, Dutch bank ING and Stripe are all joining the stablecoin industry.

該消息還出現在加密貨幣公司和Tradfi公司中最熱門的趨勢時。 Ripple，MasterCard，Visa，Dutch Bank Ing和Stripe等公司都加入了Stablecoin行業。

Amid intensifying competition, PayPal recently said it’s set to begin offering U.S. users a 3.7% yield on balances of its PYUSD to up the ante in the stablecoin wars. The payment giant's stablecoin has a market cap of $887 million, putting it in sixth place among stablecoin issuers, according to CoinMarketCap data.

在加劇的競爭中，PayPal最近表示，它將開始為美國用戶的Pyusd餘額增長3.7％的收益率，以提高Stablecoin Wars的賭注。根據CoinMarketCap數據，這家付款巨頭的Stablecoin的市值為8.87億美元，在Stablecoin發行人中排名第六。

According to Standard Chartered, the global stablecoin market could grow to $2 trillion by the end of 2028.

根據《標準特許》的數據，到2028年底，全球Stablecoin市場可能會增長到2萬億美元。