💸 Paypal has been subpoenaed by the SEC over its PYUSD stablecoin 🚀 Payment giant PayPal is facing regulatory pressure from the US Securities and Exchange Commission over its PYUSD stablecoin. Launched in August this year, PYUSD has ushered in a new era for PayPal, making it the first major fintech giant to introduce its own digital asset for payments and transfers.