In an unexpected and almost surreal incident, Paxos, the issuer behind PayPal’s PYUSD stablecoin, mistakenly minted 300 trillion PYUSD — yes, with a …
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Paxos
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Blockchain Technology
Ethereum briefly hosts $300 trillion PYUSD mint blunder by Paxos
by adminby adminFor a few surreal moments on Oct. 15, the Ethereum blockchain seemed to host the financial equivalent of a dream. Paxos, the issuer …
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Metaverse News
Printing Money: Paxos Mints, Then Burns $300 Trillion in PayPal Stablecoins
by adminby adminCrypto industry observers were baffled Wednesday afternoon when an on-chain transaction showed that Paxos, the issuer behind the PayPal-branded PYUSD stablecoin, minted $300 …
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The New York Department of Financial Services (NYDFS) confirmed today that Paxos, the issuer of PayPal USD (PYUSD), accidentally minted $300 trillion worth …
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Token Launches
Paxos Fat-Fingers $300T of PayPal’s PYUSD, Outpacing U.S. Dollar’s (USD) $2.4T Supply
by adminby adminOn Wednesday, stablecoin issuer Paxos accidentally minted $300 trillion worth of PayPal Holdings Inc.’s PYUSD stablecoin on Ethereum – a “fat finger” error …
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Paxos accidentally minted $300 trillion in PYUSD today, prompting community incredulity. The firm quickly burned these tokens and minted $300 million, claiming user …
