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 ...

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

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

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.

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

Earlier this week, PayPal's blockchain partner Paxos mistakenly minted a very large amount of unbacked PYUSD stablecoin, $300 trillion instead of the intended $300 million, before swiftly correcting ...