Paxos Mistakingly Minted $300 Trillion PYUSD Out of Error But Got Burnt Afterwards

Stablecoin issuer Paxos accidentally minted 300 trillion PYUSD (PayPal USD) tokens on the Ethereum blockchain during what was intended to be a routine internal transfer. This massive amount—equivalent to roughly $300 trillion USD at PYUSD’s 1:1 peg to the dollar—far exceeded the stablecoin’s normal circulating supply of about $2.3 billion. That’s more than twice the

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