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Paxos Accidentally Mints $300 Trillion ‘Excess’ PayPal Stablecoin
pymnts.com/cryptocurrency/2025/paxos-accidentally-mints-300-trillion-excess-paypal-stablecoin
Paxos, the issuer of PayPal’s PYUSD stablecoin, said Wednesday (Oct. 15) that it accidentally minted “excess PYUSD” and then removed the excess from circulation.
CNBC reported Thursday (Oct. 16) that excess PYUSD amounted to $300 trillion, an amount that is more than the dollars…
This story appeared on pymnts.com, 2025-10-16 18:10:03.