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PayPal
PayPal Received SEC Subpoena Related to its Dollar-Pegged Stablecoin
PayPal (PYPL) received a subpoena from the U.S. SEC requesting documentation about its USD stablecoin on Wednesday, the global payments giant said in a filing. In August, the firm announced it was entering the cryptocurrency market with the U.S. dollar-pegged stablecoin, PayPal USD.

PayPal Faces SEC Subpoena Over Its PYUSD Stablecoin
In August, PayPal said it would introduce its own U.S. dollar-pegged stablecoin, PayPal USD.

PayPal UK Unit Registers as Crypto Service Provider
The Financial Conduct Authority's approval means the payments firm can offer certain crypto services and advertise to local clients.

What Crypto Can Learn From Regulatory Overhauls at PayPal, Robinhood and Revolut
Regulatory oversight is a force of legitimacy and stability for businesses with new ideas, Flowdesk's Anne-Sophie Cissey writes.

Why Some Crypto Firms Are Suspending Services in the U.K.
Bybit and PayPal have recently withdrawn certain services from the U.K. and Luno has halted some U.K. clients from investing in crypto – just ahead of tough new promotions rules for crypto firms coming into effect.

Tether Co-Founder Sizes Up PayPal’s Stablecoin Ambitions
Tether pioneer William Quigley, who was also an early investor in PayPal, said he doubts the payments giant will bring much innovation to the stablecoin space.

What's Wrong With PayPal's Stablecoin?
If PYUSD is to gain true and lasting traction, the newly minted stablecoin issuer needs to address certain centralization concerns, Kima Chief Technology Officer Guy Vider writes.

U.S. Fed’s Vice Chair Barr Says CBDC Decision Still a ‘Long Way’ Off
Michael Barr, who leads the central bank’s regulatory efforts, said the Fed remains in the basic research phase and would need actual legislation from Congress to authorize the move.

Unpacking PayPal's Stablecoin Demand From Crypto Users
Global payments giant PayPal's (PYPL) new stablecoin has seen a "lack of demand from crypto users," according to a new report from The Block, citing data from blockchain analytics firm Nansen. "The Hash" panel discusses their outlook for PayPal USD (PYUSD) as the crypto winter drags on.

The Protocol: Coinbase Blockchain's Viral Use Case Puts Focus on Optimism's Tech
The week in blockchain tech: Crypto-fueled social marketplace Friend.tech goes viral on Coinbase's new Base blockchain, Shiba Inu community's "Shibarium" network aims for fresh start, and Ethereum experts handicap the competition between leading technologies for layer-2 networks.
