Sentiment Trading

The SEC has dropped its investigation into PayPal’s PYUSD stablecoin, marking a significant victory for the company and potentially signaling a shift in regulatory attitudes towards cryptocurrencies.

PayPal has launched a series of initiatives to boost adoption of its stablecoin, PYUSD, including a 3.7% annual yield and a partnership with Coinbase, in a bid to challenge the dominance of established stablecoins.