Skip to content
Paxos Mistakenly Issues $300 Trillion of PayPal Stablecoin

Paxos Mistakenly Issues $300 Trillion of PayPal Stablecoin

Stablecoin issuer Paxos said it mistakenly minted $300 trillion of PayPal Holdings Inc.’s PYUSD stablecoin Wednesday before burning the tokens minutes later....

Bloomberg (Crypto) logoBloomberg (Crypto)
1 min
Aave freezes PYUSD markets after unprecedented 300T mint and burn

Aave freezes PYUSD markets after unprecedented 300T mint and burn

Crypto users were left scrambling on Wednesday after Paxos minted 300 trillion of PayPal's PYUSD stablecoin, then sent it all to a burn address....

Cointelegraph logoCointelegraph
1 min