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PayPal’s crypto partner mints a whopping $300 trillion worth of stablecoins in ‘technical error’
Paxos, the blockchain partner of PayPal , mistakenly minted $300 trillion worth of the online payment giant’s stablecoin on Wednesday in what the company called a “technical error.” Market watchers had spotted the enormous injection of the PayPal PYUSD stablecoin on Etherscan — a block explorer and analytics platform for the Ethereum blockchain. Paxos had mistakenly minted the stablecoins as part of an internal transfer, before it “immediately identified the error and burned the excess PYUSD,” the company said in a social media statement. “This was an internal technical error. There is no security ... (full story)
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From @realDonaldTrump|Oct 16, 2025|32 comments
I am speaking to President Putin now. The conversation is ongoing, a lengthy one, and I will report the contents, as will President Putin, at its conclusion. Thank you for your attention to this matter!
