💲PayPal Stablecoin Minting Glitch Hits $300 Trillion! 😱
🗓️Last week, Paxos, the custodian of PayPal’s PYUSD, accidentally minted $300 trillion worth of coins due to a blockchain transaction error.
The wallet burned $300M, then minted $300T, and finally corrected back to $300M.
Paxos says it was a technical glitch — no hacks, no customer funds lost — but the incident lasted 22 minutes.
This is one of the largest stablecoin mistakes in crypto history, showing even major companies’ automated systems can fail.
