Show 23 Posts

• 
  CryptoTelugu

  Oct 16, 2025 at 10:47 am

  

  @Paxos

  minted 3X the global GDP & burnt it after 25min They minted 300T $PYUSD by mistake This space never fails to entertainAt 3:12 PM EST, Paxos mistakenly minted excess PYUSD as part of an internal transfer. Paxos immediately identified the error and burned the excess PYUSD. This was an internal technical error. There is no security breach. Customer funds are safe. We have addressed the root

  

  

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• 
  Lookonchain

  Oct 16, 2025 at 10:45 am

  Paxos(

  @Paxos

  ) accidentally minted 300T $PYUSD 7 hours ago — they added six extra zeros by mistake! The error was quickly corrected as they burned the 300T $PYUSD and properly re-minted 300M $PYUSD instead. https://etherscan.io/token/0x6c3ea9036406852006290770bedfcaba0e23a0e8…

  

  

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• 
  Tola Joseph Fadugbagbe

  Oct 16, 2025 at 07:48 am

  Paxos, the issuer of PayPal’s stablecoin $PYUSD, mistakenly minted $300 trillion worth of PYUSD tokens. The error was reversed within minutes. Paxos burned the excess tokens shortly afterward. Thoughts?

  

  

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• 
  Quinten | 048.eth

  Oct 16, 2025 at 07:22 am

  PayPal’s PYUSD mints $300T on $ETH But according to Paxos this was an internal technical error. Paxos reports it mistakenly minted $300T $PYUSD and burned the excess PYUSD

  

  

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• 
  Jeremy

  Oct 16, 2025 at 07:00 am

  The current total US public debt is ~ $37 Trillion What's stopping Trump from minting $37 Trillion worth of stablecoins to pay it off? Clearly nothing after what we saw with $PYUSD today That's the problem.

  

  

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• Cointelegraph

  Oct 16, 2025 at 07:00 am

  NEW: Paxos just minted 300,000,000 $PYUSD.

  

  

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• 
  DEGEN NEWS

  Oct 16, 2025 at 05:26 am

  NEW: PAXOS SAYS “AT 3:12 PM EST, PAXOS MISTAKENLY MINTED EXCESS PYUSD AS PART OF AN INTERNAL TRANSFER. PAXOS IMMEDIATELY IDENTIFIED THE ERROR AND BURNED THE EXCESS PYUSD” - FOLLOWING $300 TRILLION $PYUSD MINT AND BURN

  

  

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• 
  Yazan🇵🇸

  Oct 16, 2025 at 05:20 am

  POV: If Paxos didn’t burn $PYUSD

  

  

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