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@Techmeme@techhub.social
2025-10-16 01:20:56

Paxos says it "mistakenly minted" $300T worth of PayPal's PYUSD stablecoin on Wednesday and "burned" the tokens a little over 20 minutes later (Ryan S. Gladwin/Decrypt)
decrypt.co/344463/printing-mon

Printing Money: Paxos Mints, Then Burns $300 Trillion in PayPal Stablecoins
A fat-finger mistake, or a hack? Crypto traders are confounded after $300 trillion worth of PayPal's PYUSD was minted and then burned.