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TechFlow news — PayPal received a subpoena from the U.S. Securities and Exchange Commission (SEC) Enforcement Division regarding its PayPal USD stablecoin, according to Reuters. The subpoena was issued on November 1.
When the company launched the stablecoin in August, it became the first major fintech firm to adopt digital currency for payments and transfers.
According to Reuters, payment company PayPal received a subpoena from the U.S. Securities and Exchange Commission (SEC) Enforcement Division on November 1 regarding PayPal's U.S. dollar stablecoin. When the company launched the stablecoin in August, it became the first major fintech firm to adopt digital currency for payments and transfers.
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