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

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

Paxos’ $300 trillion PYUSD minting error exposes critical flaws in stablecoin safeguards and proof-of-reserve systems.

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 worth of PayPal USD (PYUSD) stablecoins on Ethereum before burning them within minutes.

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

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

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

Paxos’ accidental $300 trillion mint of PYUSD being quickly flagged by crypto pundits shows how blockchain offers a level of ...

Paxos mistakenly minted $300 trillion of PayPal’s stablecoin before burning the excess, marking one of the biggest on-chain ...

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

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