Paxos accidentally minted $300 trillion in PYUSD, about 2.5 times global GDP. The error cost only $2.66 in gas fees, exposing ...

Paxos accidentally minted $300 trillion of PayPal's stablecoin. It's not clear how the firm made such a colossal mistake. The ...

Paxos’ $300 trillion minting blunder sparks NYDFS probe and industry calls for proof-of-reserve safeguards in stablecoin ...

The incident had a limited impact on crypto markets, though it caused an eruption of speculation online over how such a ...

A blunder by stablecoin issuer Paxos briefly sent the market cap of PayPal USD (PYUSD) to $300 trillion, exceeding global GDP ...

PayPal Holdings, Inc.'s move into stablecoins like PYUSD offers growth potential as crypto adoption rises. Click for my ...

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

An internal error worth more than double the world's GDP highlights both the operational risks and the transparent, ...

Omer Goldberg, PayPal’s head of blockchain, reassured users that PYUSD remains fully backed 1:1 with U.S. dollars. He said ...

On Wednesday, stablecoin issuer Paxos accidentally minted $300 trillion worth of PayPal Holdings Inc.’s PYUSD stablecoin on ...

Paxos accidentally printing a large number of stablecoins is not such a big deal. Industry observers overreacted to the issue ...

Paxos mistakenly minted $300 trillion PYUSD due to a technical error, burned it in minutes, and confirmed no user funds were ...