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

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

The two companies are collaborating on making the digital asset private for payroll and other business transactions. While it ...

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 ...

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

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

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 ...

The company said it mistakenly minted the coins – worth more than double the entire world’s GDP – during an internal transfer ...

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

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