$300 Trillion Stablecoins Minted Out of Thin Air: Paxos Accidentally Creates Trillions in PayPal PYUSD Tokens

For a brief moment on Wednesday, the blockchain tied to PayPal’s stablecoin looked like something out of science fiction. Paxos, the crypto company that issues the PayPal USD (PYUSD) token, accidentally minted $300 trillion worth of the stablecoin — an amount larger than the entire global economy — before realizing the mistake and deleting it

For a brief moment on Wednesday, the blockchain tied to PayPal’s stablecoin looked like something out of science fiction. Paxos, the crypto company that issues the PayPal USD (PYUSD) token, accidentally minted $300 trillion worth of the stablecoin — … [3287 chars]

Source: TechStartups.com | Published: 2025-10-17T13:47:31Z

Credit: TechStartups.com