PYUSD
Latest cryptocurrency news and articles about pyusd. Stay updated with developments, analysis, and insights.
Paxos’ 300 Trillion PYUSD Mint May Expose Centralization Risks and Test DeFi Resilience
Paxos accidentally minted 300 trillion PYUSD during a 22-minute incident described as a “technical error.” The tokens were burned before circulation, and on-chain records plus protocol risk controls p...
Anchorage May Enable Easier PYUSD Use With Global USD Wires and Planned Interest‑Bearing USD Accounts
Anchorage Digital Bank USD wire transfers now enable global US Dollar wire capability for institutional clients, directly connecting fiat and crypto on a federally regulated platform to simplify settl...
Anchorage Digital brings global USD transfers to the crypto world
Anchorage Digital Bank, which focuses on cryptocurrency and digital assets for institutional clients, has introduced global US Dollar wire transfers, creating a seamless connection between digital and...
Paxos Mints 300 Trillion PYUSD By Error – Here’s What Happened
In an unexpected and almost surreal incident, Paxos, the issuer behind PayPal’s PYUSD stablecoin, mistakenly minted 300 trillion PYUSD — yes, with a “T” — earlier today after adding six extra zeros to...
Asset Management Company BlackRock Launches New Money Market Fund for Stablecoin Issuers! Details Here
BlackRock, one of the world's largest asset management firms, will introduce a new Genius Act-compliant money market fund. The move aims to streamline the reserve holding process for stablecoin issuer...
Paxos’ Erroneous Minting of $300 Trillion PYUSD May Underscore How Blockchain Could Improve Financial Transparency
Paxos PYUSD $300 trillion minting was an operational error detected and corrected on-chain within 22 minutes; the incident highlights blockchain transparency and the need for stronger issuance control...
Accidental $300 Trillion PYUSD Mint Could Trigger Closer Scrutiny of Stablecoin Safeguards
Paxos accidentally minted $300 trillion of PayPal’s PYUSD on Ethereum on October 15, 2025; the firm says the excess tokens were immediately burned, no customer funds were lost, and on‑chain...
Paxos Clarifies No Security Breach After $300 Trillion PayPal USD Minting Glitch
Stablecoin issuer Paxos accidentally minted an astonishing 300 trillion PayPal USD (PYUSD) tokens on Wednesday after a technical error disrupted its minting system. The incident occurred at 3:12 p.m. ...
Paxos mistakenly issues $300 trillion in PayPal's PYUSD
Paxos acknowledged today that it accidentally minted $300 trillion worth of the dollar pegged PayPal’s PYUSD stablecoin on the Ethereum blockchain. The amount represents more than twice the global GDP...
Paxos Accidentally Mints Then Burns 300 Trillion PYUSD
The stablecoin issuer briefly created the massive sum, worth about $300 trillion, before burning it just 22 minutes later. Paxos called the event an “internal technical error.” While the mistake promp...
Paxos Accidentally Minted $300 Trillion of PayPal’s Stablecoin — Then Burned It
Stablecoin issuer Paxos revealed that it erroneously minted $300 trillion worth of PayPal’s PYUSD stablecoin on Wednesday, only to reverse the mistake minutes later by burning the excess tokens. Block...
Is Paxos about to settle the world’s debt with this $300T mint?
Paxos minted 300 trillion PYUSD in error, but the tokens were swiftly burned and funds remained safe....
