The SEC drops investigation into PayPal’s stablecoin

The SEC has officially closed its investigation into PayPal’s PYUSD, allowing the company to operate its crypto functionalities more freely.

PayPal plans to implement a 3.7% annual rewards program for US users holding PYUSD, aimed at boosting its adoption.

A collaboration with Coinbase will waive fees for PYUSD transactions, promoting its use within payment networks.

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