-
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)
- Comments / Top
- Subscribe
-
Related Stories
From cointelegraph.com | Oct 16, 2025
Standard Chartered, a major global banking group, is deepening ties with cryptocurrency exchange OKX, becoming its institutional custodian in the European Economic Area (EEA). Standard Chartered and OKX launched a collateral mirroring program in the EEA, allowing local institutional clients to keep their crypto directly in Standard Chartered’s custody, OKX ...
On today's episode of CNBC Crypto World, Paxos, the blockchain partner of PayPal, accidentally minted $300 trillion worth of the online payment giant’s stablecoin in what the company called a “technical error.” And David Bailey, the CEO of BTC Inc and KindlyMD explains the merger between the healthcare company and Nakamoto, the bitcoin investment company he ...
From fxstreet.com | Oct 15, 2025
Crypto exchange Coinbase has added BNB, the fourth-largest crypto asset by market cap, to its official listing roadmap, the exchange revealed in an X post on Wednesday. Coinbase Markets stated that the launch of trading for BNB will depend on the availability of market-making support and adequate technical infrastructure. It added that a separate ...
