美国证券交易委员会已关闭对贝宝（Paypal）美元支持的Stablecoin，PayPal USD（PYUSD）的调查

传票要求生产文件。 2025年2月，美国证券交易委员会（SEC）传达了它正在关闭此调查，而无需执行行动

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.

该公司表示，美国证券交易委员会已关闭了对PayPal的美元支持的Stablecoin Paypal USD（PYUSD）的调查，而无需采取任何进一步的诉讼。

"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，我们从美国SEC的执法部门收到了与PayPal USD Stablecoin有关的传票。传票要求生产文件。2025年2月，SEC传达了该询问的情况，没有进一步的行动，” PayPal本周在申请文件中透露。”

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.

周三的提交标志着最新的SEC举动，以撤销针对加密货币公司的调查和诉讼。监管机构已通知多家公司，它将撤销调查和案件。

Related: PayPal Faces SEC Subpoena Over Its PYUSD Stablecoin

相关：PayPal面对SEC传票的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（数字代币与美元货币（如美元）挂钩）已成为有关如何调节加密货币的更广泛辩论的重点。监管机构质疑这些工具是否类似于证券或货币市场基金，这些资金可能会吸引诸如Circle和Tether等发行人以进行更大的审查。贝宝（Paypal）的参与引起了人们的关注，因为它的规模，品牌知名度以及传统和数字融资的范围。

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.

对于贝宝（PayPal）而言，SEC探测器的解决方案消除了关键的监管悬垂性，因为它继续将其深入到基于区块链的付款中。该公司于2023年8月在以太坊上推出了Pyusd，这是一笔以美元稳定的稳定性，并以短期美国财政账单和美元存款为后盾，该账单和美元存款旨在用于点对点付款，商业和分散申请。

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.

该消息还出现在加密货币公司和Tradfi公司中最热门的趋势时。 Ripple，MasterCard，Visa，Dutch Bank Ing和Stripe等公司都加入了Stablecoin行业。

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.

在加剧的竞争中，PayPal最近表示，它将开始为美国用户的Pyusd余额增长3.7％的收益率，以提高Stablecoin Wars的赌注。根据CoinMarketCap数据，这家付款巨头的Stablecoin的市值为8.87亿美元，在Stablecoin发行人中排名第六。

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

根据《标准特许》的数据，到2028年底，全球Stablecoin市场可能会增长到2万亿美元。