In an embarrassing error, PayPal blockchain partner Paxos accidentally minted 300 trillion of the PYUSD token today.

PayPal's blockchain partner Paxos announced it accidentally minted $300 trillion in stablecoin Wednesday as part of what it ...

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

Cardano has long been hailed as a crypto project with huge potential. Its technology is strong, and its ambitions are ...

PayPal's (PYPL) blockchain partner, Paxos, mistakenly minted $300T worth of the payment company's stablecoins in a technical ...

Paxos confirmed the error and said it was part of an internal transfer, saying that the excess amount was disposed of. It maintained that customers funds are safe.

PYUSD is a dollar-backed stablecoin, meaning it is fully supported by U.S. dollar deposits, U.S. treasuries, and similar cash equivalents. As the sixth-largest stablecoin globally, with a market ...

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

Paxos assured customers there was no security breach and their funds were safe, after mistakenly minting $300 trillion worth of stablecoins.

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

PayPal’s blockchain partner Paxos accidentally minted $300 trillion in stablecoins in an internal transfer on Wednesday.