Paxos Accidentally Minted $300T of PayPal's Stablecoin

Stablecoin issuer Paxos accidentally minted $300 trillion worth of PayPal's PYUSD PYUSD - $0.999814701692416 stablecoin, far exceeding the total U.S. dollar supply. Paxos emphasized that it was not a security breach but the incident raised concerns about how an enormous amount of stablecoin could be created without requisite collateral.

Source: youtube.com

Related symbols: STABLEUSD

2025-10-16 14:42:05 GMT.

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Price & Market Data

Price: $0.999814701692416

Volume 24h: $199,561,364.49

Market Cap: $2,746,746,885.22

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.