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.

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

The U.S. Federal Reserve is hosting a first-of-its-kind conference on Oct. 21, 2025, focused on payments innovation. For the ...

Paxos mistakenly minted $300 trillion worth of PayPal USD (PYUSD) stablecoins on Ethereum before burning them within minutes.

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

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, ...

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

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 PYUSD due to a technical error, burned it in minutes, and confirmed no user funds were ...