SEC Drops @paypal $ pyusd探测

SEC结束了对Paypal Pyusd Stablecoin的调查，而无需采取任何执法行动，这是该行业的重大发展。

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

美国证券交易委员会（SEC）已在不采取任何进一步执行诉讼的情况下对Paypal的Pyusd Stablecoin进行了调查。

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.

这是加密货币法规领域的重大发展，尤其是关于支付技术公司和新生数字资产市场的动态。

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

SEC的调查始于2023年11月，重点是检查Pyusd的结构和发行过程。

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.

该委员会的执法部门在签订签发后仅三个月就开始了调查，强调了监管审查正在进行的快速步伐。

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

在美国证券交易委员会（SEC）宣布其对美国在美国境内运营的加密货币的管辖权的更广泛努力，这项调查发生了。

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

同时，委员会因涉嫌落后于注册加密产品并通过诉讼关闭有希望的计划而面临批评。

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

但是，SEC的最新行动表明战略发生了变化。

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

在对Coinbase和Kraken等主要加密公司开放调查后，委员会最终决定不采取任何进一步行动。

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

这还包括共识，以前曾接受密集监管调查。

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

根据法律专家的说法，这一趋势表示SEC内不断发展的气候，可能是由新的加密特遣部队指导的。

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

监管机构决定关闭贝宝（Paypal）PYUSD的调查的决定可能会消除围绕该计划的严重法律不确定性。

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

这可能会增加对稳定币的投资，并鼓励在消费者和机构中更广泛的采用。

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

贝宝（Paypal）本身强调了其在调查和对数字金融创新以及合规性承诺期间的全面合作。

"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.

“我们与SEC充分互动，并欣赏相关方之间在整个过程中的合作与协调。我们继续积极地导航这一不断发展的法律和监管环境。在Paypal，我们的驱动是由对合规性和创新的深刻承诺所驱动的，尤其是在数字资产和付款技术之间的最佳范围。我们相信我们在促进了我们的范围。利益相关者，贝宝发言人说。

Can PYUSD Compete Despite Fierce Stablecoin Rivalry?

尽管强烈的稳定竞争，Pyusd可以竞争吗？

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

尽管监管清晰度是积极的发展，但Pyusd在快速增长且竞争激烈的Stablecoin市场面临重大挑战。

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

像Tether这样的成熟参与者目前在该领域拥有近90％的市场份额。

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于2023年8月推出，是一款美元的数字代币，可通过美元存款和短期财政账单保持全部支持。

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最初部署在以太坊网络上，后来将其足迹扩展到Solana区块链，为用户提供了更多与Stablecoin互动的选项。

Since its introduction, PYUSD has seen fluctuating adoption rates.

自引入以来，Pyusd的采用率波动。

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

代币的供应在2024年8月达到了高峰，但后来恢复了，展示了对稳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.

为了进一步提高Pyusd的吸引力，PayPal正在推出新的策略，专注于增加令牌的用户采用和实用程序。

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

该公司宣布为在PayPal或Venmo钱包中持有Pyusd的用户的年度奖励3.7％。

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

该奖励计划于4月23日披露，该计划的每日应计算机从2025年夏季开始。

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

该计划旨在促进忠诚度并鼓励用户将Pyusd持续更长的时间，并更频繁地将其用于日常交易。

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

这促进了数字货币用于商业，点对点付款以及通过Xoom的国际转让。

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

但是，这些激励措施必须具有足够的引人注目，以吸引那些目前可能更喜欢竞争对手提供的更既定的Stablecoin替代方案的用户。

Will Strategic Alliances Drive PYUSD Adoption?

战略联盟会推动PYUSD采用吗？

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

贝帕尔（Paypal）的举动可能会大大提高PYUSD的采用和利用方式，于4月24日宣布与Coinbase建立战略合作伙伴关系。

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

该合作伙伴关系将直接在Coinbase的平台上为Pyusd提供零收费的转换和无缝的1：1赎回。

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

这项合作旨在培养现实世界中的稳定剂案例，并使各种用户群体更容易访问它们。

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的制度接受程度不断增加，这很可能有助于各种交易类型的更广泛使用。

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

这种整合对Coinbase在美国市场上的大型客户群特别有益。

"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首席执行官Alex Chriss表示：“我们很高兴为客户提供更多的选择，并扩大快速增长的数字资产生态系统中的可能性。这种合作伙伴关系将使Pyusd的好处带给Coinbase的充满活力的用户社区。”

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

克里斯（Chriss）对伙伴关系对将PYUSD嵌入Pa​​yPal的数字支付生态系统的潜在贡献表示乐观。

"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.

他补充说：“我们认为，这种伙伴关系可以在推进更广泛的数字货币采用并扩大我们客户可用的金融服务方面发挥作用。”

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

随着PayPal报道了强大的财务业绩，这一重大监管胜利的到来，这可能会增强投资者的信心。

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

该公司宣布了每股1.33美元的第一季度收益