Paxos Accidentally Mints $300 Trillion ‘Excess' PayPal Stablecoin

Paxos, the issuer of PayPal's PYUSD PYUSD - $0.999948401677577 stablecoin, said Wednesday (Oct. 15) that it accidentally minted “excess PYUSD” and then removed the excess from circulation. CNBC reported Thursday (Oct.

Source: pymnts.com

Related symbols: STABLEUSD

2025-10-16 18:18:02 GMT.

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Price & Market Data

Price: $0.999948401677577

Volume 24h: $199,385,690.37

Market Cap: $2,747,114,193.30

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.