Though PayPal and Paxos have yet to publicly comment on the massive PYUSD mint and burn, crypto users have been speculating what was behind the move.
Blockchain data showed stablecoin issuer Paxos both minted and burned about $300 trillion worth of the PayPal USD stablecoin within 30 minutes, leaving many crypto users scratching their heads.
In a Wednesday X post following the mint and burn, Chaos… [1023 chars]
Source: Cointelegraph | Published: 2025-10-15T21:02:09Z
Credit: Cointelegraph
