A blunder by stablecoin issuer Paxos briefly sent the market cap of PayPal USD (PYUSD) to $300 trillion, exceeding global GDP ...

PayPal's PYUSD is the world’s sixth-largest stablecoin with a current market cap of $2.7 billion, all fully-backed by US ...

Paxos mistakenly minted $300 trillion worth of PayPal USD (PYUSD) during an internal transfer error. The amount was nearly ...

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 of PayPal’s stablecoin before burning the excess, marking one of the biggest on-chain ...

Earlier this week, PayPal's blockchain partner Paxos mistakenly minted a very large amount of unbacked PYUSD stablecoin, $300 ...

Paxos’ $300 trillion PYUSD minting error exposes critical flaws in stablecoin safeguards and proof-of-reserve systems.

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

Before Paxos called the move an “internal technical error,” crypto users speculated what was behind a 300 trillion PYUSD mint ...

PayPal Holdings, Inc. (NASDAQ:PYPL) is one of the most undervalued financial stocks to buy according to Wall Street analysts.

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

PayPal announced today that PYUSD, its stablecoin for payments and transfers, is now available on Venmo. PYUSD is available to select users starting today and will be rolling out fully in the coming ...