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Aave freezes PYUSD markets after unprecedented 300T mint and burn

Crypto users were left scrambling on Wednesday after Paxos minted 300 trillion of PayPal's PYUSD PYUSD - $0.999726695595803 stablecoin, then sent it all to a burn address.

Source: cointelegraph.com

Related symbols: AAVEUSD

2025-10-15 21:12:02 GMT.

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Price & Market Data

Price: $0.999726695595803

Volume 24h: $272,745,787.14

Market Cap: $2,642,557,696.25

Description

PayPal USD (PYUSD) is a cryptocurrency launched in 2023and operates on the Ethereum platform. PayPal USD has a current supply of 2,643,280,116.351051. The last known price of PayPal USD is 1.00001876 USD and is up 0.03 over the last 24 hours. It is currently trading on 132 active market(s) with $242,044,987.80 traded over the last 24 hours. More information can be found at https://www.paypal.com/pyusd.