PayPal’s blockchain associate unintentionally minted $300 trillion in stablecoins
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PayPal’s blockchain associate unintentionally minted $300 trillion in stablecoins

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In an embarrassing error, PayPal blockchain associate Paxos unintentionally minted 300 trillion of the PYUSD token this day. PayPal’s stablecoin, which it debuted in 2023, is presupposed to be redeemable at a 1:1 rate for US greenbacks. $300 trillion is more than double the whole world’s recent GDP of $117 trillion…
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