A staggering technical error by Paxos Trust Company resulted in approximately $300 trillion of newly minted stable-coins, momentarily flooding the blockchain and sending immediate shockwaves across the crypto ecosystem. The glitch occurred during an internal transfer involving PYUSD, the dollar-pegged token issued for PayPal Holdings, and was swiftly corrected by burning the excess supply. The […]A staggering technical error by Paxos Trust Company resulted in approximately $300 trillion of newly minted stable-coins, momentarily flooding the blockchain and sending immediate shockwaves across the crypto ecosystem. The glitch occurred during an internal transfer involving PYUSD, the dollar-pegged token issued for PayPal Holdings, and was swiftly corrected by burning the excess supply. The […]
Stable-Coin Glitch Shakes Confidence and Casts Spotlight on Top Meme Coins
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A staggering technical error by Paxos Trust Company resulted in approximately $300 trillion of newly minted stable-coins, momentarily flooding the blockchain and sending immediate shockwaves across the crypto ecosystem. The glitch occurred during an internal transfer involving PYUSD, the dollar-pegged token issued for PayPal Holdings, and was swiftly corrected by burning the excess supply. The […]
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