PayPal Receives SEC Subpoena Focused on Stablecoin Work
- PayPal cooperating with SEC, which requested documents
- Consumer Financial Protection Bureau also probing the company
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PayPal Holdings Inc. received a subpoena from the US Securities and Exchange Commission’s division of enforcement related to its work on a dollar-linked stablecoin.
The subpoena asked PayPal to produce documents tied to the project, according to a regulatory filing on Thursday. The company is cooperating with the probe, the filing said.