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PayPal Partner Paxos Mistakenly Mints $300 Trillion PayPal Stablecoins
Benzinga
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21 hours ago
Paxos accidentally minted $300T in PayPal stablecoins due to an internal error before burning them within 20 minutes. No funds were lost, and PYUSD remains fully backed and redeemable 1:1 in U.S. dollars.
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