16
Oct
Oct
PayPal’s Crypto Partner Paxos Accidentally Mints $300 Trillion in Stablecoins Amid Technical Glitch
-
News Editor / 4 hours
- 0
- 3 min read
In a bizarre turn of events on Wednesday, Paxos, the blockchain infrastructure firm that issues PayPal’s U.S. dollar-backed stablecoin (PYUSD), mistakenly minted $300 trillion worth of PYUSD tokens, triggering confusion across the crypto community before quickly resolving the issue. According to blockchain data from Etherscan, the massive minting event appeared as a sudden surge in […]