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Banks Can Hide Fat Finger Errors but Crypto Is Transparent

Paxos’ accidental $300 trillion mint of PYUSD being quickly flagged by crypto pundits shows how blockchain offers a level of transparency that banks can’t offer.

Paxos’ accidental minting of $300 trillion PYUSD on Wednesday, while undoubtedly concerning, serves as a case study as to why blockchain could shine in traditional banking.
On Wednesday, Paxos mistakenly minted $300 trillion worth of the PayPal USD (… [2972 chars]

Source: Cointelegraph | Published: 2025-10-16T04:47:38Z

Credit: Cointelegraph

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