Paxos' $300 Trillion PYUSD Minting Error Sparks Stablecoin Trust Concerns

Paxos, the issuer behind PayPals PYUSD PYUSD - $0.999846631277012 stablecoin, accidentally minted an astonishing $300 trillion in PYUSD PYUSD - $0.999846631277012 tokensfar surpassing the total global money supply. The firm swiftly corrected the blunder, burning the excess tokens and minting a far smaller $300 million shortly afterward.

Source: tokenpost.com

Related symbols: STABLEUSD

2025-10-16 00:40:05 GMT.

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Price & Market Data

Price: $0.999846631277012

Volume 24h: $199,315,109.42

Market Cap: $2,746,834,603.96

Description

PayPal USD (PYUSD) is a cryptocurrency launched in 2023and operates on the Ethereum platform. PayPal USD has a current supply of 2,747,255,947.095942. The last known price of PayPal USD is 0.99979311 USD and is up 0.02 over the last 24 hours. It is currently trading on 133 active market(s) with $206,554,284.35 traded over the last 24 hours. More information can be found at https://www.paypal.com/pyusd.