Paxos acknowledged today that it accidentally minted $300 trillion worth of the dollar pegged PayPal’s PYUSD stablecoin on the Ethereum blockchain. The amount represents more than twice the global GDP ...

Last week, PayPal slumped after news surfaced of a headline grabbing, $300 trillion stablecoin issue. The fintech has become a big player in the stablecoin sector, and a big technical glitch isn't ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Paxos stated that it ...

Paxos, the issuer of PayPal's stablecoin PYUSD, briefly introduced and then removed $300 trillion worth of its stablecoin on the ethereum blockchain during an internal operation late Tuesday. The firm ...