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PayPal's blockchain partner accidentally minted $300 trillion in stablecoins

  • Engadget faviconEngadget

    Oct 15, 2025, 6:40 pm436 ptsTop
    photo of PayPal's blockchain partner accidentally minted $300 trillion in stablecoins imageIn an embarrassing error, PayPal blockchain partner Paxos accidentally minted 300 trillion of the PYUSD token today. PayPal's stablecoin, which it debuted in 2023, is supposed to be redeemable at a 1:1 rate for US dollars. $300 trillion is more than double the entire world's current GDP of $117 trillion. In…
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