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 ...
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Stablecoins’ Oops Moment: From Paxos’ $300 Trillion PYUSD Glitch to Other Costly Minting Mistakes
Paxos accidentally minted $300 trillion in PYUSD, about 2.5 times global GDP. The error cost only $2.66 in gas fees, exposing ...
Paxos mistakenly minted $300 trillion worth of PayPal USD (PYUSD) during an internal transfer error. The amount was nearly ...
Paxos mistakenly minted $300 trillion of PayPal’s stablecoin before burning the excess, marking one of the biggest on-chain ...
PayPal's blockchain partner Paxos announced it accidentally minted $300 trillion in stablecoin Wednesday as part of what it ...
Before Paxos called the move an “internal technical error,” crypto users speculated what was behind a 300 trillion PYUSD mint ...
Paxos’ $300 trillion PYUSD minting error exposes critical flaws in stablecoin safeguards and proof-of-reserve systems.
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 ...
The company said it mistakenly minted the coins – worth more than double the entire world’s GDP – during an internal transfer ...
PayPal Holdings, Inc. (NASDAQ:PYPL) is one of the most undervalued financial stocks to buy according to Wall Street analysts.
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