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Paxos Enables Salary Payments in Stablecoin USDG
Paxos has rolled out a major new feature allowing companies to pay employee salaries in the stablecoin USDG. This upgrade connects directly to traditional payroll systems, meaning workers can receive part or all of their income in blockchain-based digital dollars.
For employees, it’s faster and borderless — payments can settle instantly, 24 hours a day, without bank delays. For global companies, it reduces conversion fees and makes it easier to pay international staff.
This is an important step toward real-world utility for stablecoins. It demonstrates how blockchain is moving beyond trading into financial infrastructure that regular users can rely on. If widely adopted, this could reshape how payroll, remittances, and savings are handled worldwide.
#Stablecoins #USDG #Paxos #DigitalPayments #FintechInnovation
Paxos has rolled out a major new feature allowing companies to pay employee salaries in the stablecoin USDG. This upgrade connects directly to traditional payroll systems, meaning workers can receive part or all of their income in blockchain-based digital dollars.
For employees, it’s faster and borderless — payments can settle instantly, 24 hours a day, without bank delays. For global companies, it reduces conversion fees and makes it easier to pay international staff.
This is an important step toward real-world utility for stablecoins. It demonstrates how blockchain is moving beyond trading into financial infrastructure that regular users can rely on. If widely adopted, this could reshape how payroll, remittances, and savings are handled worldwide.
#Stablecoins #USDG #Paxos #DigitalPayments #FintechInnovation
La empresa Paxos Trust Company (#Paxos) ha firmado una colaboración estratégica con la red de blockchain #Stellar (#XLM) para ampliar su infraestructura blockchain regulada.
#Stellar es una blockchain diseñada principalmente para pagos, remesas y la tokenización de activos del mundo real, con foco en rapidez y bajos costos.
#Paxos es una plataforma regulada de emisión de activos digitales (por ejemplo #stablecoins) que tiene licencia como trust estatal en EE.UU.
El comunicado indica que #Paxos traerá activos tokenizados (incluyendo stablecoins de grado institucional) a la red #stellar : esto apunta a que #Paxos utilizará la infraestructura de #Stellar para emitir o tokenizar sus activos, lo que “impulsará la adopción global de activos digitales compatibles/regulados”.#WriteToEarnUpgrade $XRP $SOL $BNB
#Stellar es una blockchain diseñada principalmente para pagos, remesas y la tokenización de activos del mundo real, con foco en rapidez y bajos costos.
#Paxos es una plataforma regulada de emisión de activos digitales (por ejemplo #stablecoins) que tiene licencia como trust estatal en EE.UU.
El comunicado indica que #Paxos traerá activos tokenizados (incluyendo stablecoins de grado institucional) a la red #stellar : esto apunta a que #Paxos utilizará la infraestructura de #Stellar para emitir o tokenizar sus activos, lo que “impulsará la adopción global de activos digitales compatibles/regulados”.#WriteToEarnUpgrade $XRP $SOL $BNB
🟣 Paxos Introduces Stablecoin Salary Option for Employees.
According to PANews, Paxos has announced a new feature allowing employees to receive part of their salary in the form of the stablecoin USDG, following an integration partnership with Toku. This integration utilizes existing payroll platforms ADP and Workday, enabling employees to directly receive USDG in their personal wallets. Unlike traditional payroll checks, the settlement for those opting for USDG is immediate, allowing instant access to the stablecoin.
Paxos highlighted in a press release that by adopting USDG for payroll, they offer their team the most direct way to engage with and experience USDG in daily life. As more companies integrate Toku's payroll channels, thousands of employees worldwide will have the opportunity to receive USDG directly at the source of their income.
#Paxos #stablecoin #BinanceNews #Write2Earn #Write2Earn!
According to PANews, Paxos has announced a new feature allowing employees to receive part of their salary in the form of the stablecoin USDG, following an integration partnership with Toku. This integration utilizes existing payroll platforms ADP and Workday, enabling employees to directly receive USDG in their personal wallets. Unlike traditional payroll checks, the settlement for those opting for USDG is immediate, allowing instant access to the stablecoin.
Paxos highlighted in a press release that by adopting USDG for payroll, they offer their team the most direct way to engage with and experience USDG in daily life. As more companies integrate Toku's payroll channels, thousands of employees worldwide will have the opportunity to receive USDG directly at the source of their income.
#Paxos #stablecoin #BinanceNews #Write2Earn #Write2Earn!
🚨BREAKING: The Federal Reserve is hosting a Crypto Payments Innovation Conference today.
With key industry players like #Chainlink , #Paxos , #Circle , and #Coinbase in attendance.✅
$LINK
With key industry players like #Chainlink , #Paxos , #Circle , and #Coinbase in attendance.✅
$LINK
💥 $300 Trillion Crypto Blunder!
PayPal’s partner Paxos accidentally minted $300 trillion in PYUSD stablecoins — over 2× the world’s GDP — due to a “technical error.” 😳
The coins were quickly burned, but the incident exposes major flaws in stablecoin controls and transparency. ⚠️
#CryptoNews #Bitcoin #Stablecoins #Paxos #BinanceSquare
PayPal’s partner Paxos accidentally minted $300 trillion in PYUSD stablecoins — over 2× the world’s GDP — due to a “technical error.” 😳
The coins were quickly burned, but the incident exposes major flaws in stablecoin controls and transparency. ⚠️
#CryptoNews #Bitcoin #Stablecoins #Paxos #BinanceSquare
🔥🇺🇸 L’INNOVAZIONE NEI PAGAMENTI ARRIVA ALLA FED: CHAINLINK, CIRCLE E PAXOS TRA I RELATORI 🔥🇺🇸
Il 21 ottobre, la Federal Reserve ospiterà una conferenza dedicata all’innovazione nei pagamenti: un evento strategico che conferma quanto le tecnologie blockchain stiano entrando nel cuore del sistema finanziario statunitense.
Tra i relatori figurano rappresentanti di Chainlink, Paxos e Circle, aziende protagoniste nello sviluppo di stablecoin, oracoli decentralizzati e infrastrutture digitali per le transazioni globali.
L’obiettivo dell’incontro è esplorare come queste soluzioni possano rendere i pagamenti più sicuri, trasparenti e rapidi, avvicinando così la Fed al futuro della digital-finance integration.
Un passo storico verso una collaborazione concreta tra istituzioni tradizionali e innovazione cripto.
#breakingnews #Fed #Chainlink #Circle #Paxos
Il 21 ottobre, la Federal Reserve ospiterà una conferenza dedicata all’innovazione nei pagamenti: un evento strategico che conferma quanto le tecnologie blockchain stiano entrando nel cuore del sistema finanziario statunitense.
Tra i relatori figurano rappresentanti di Chainlink, Paxos e Circle, aziende protagoniste nello sviluppo di stablecoin, oracoli decentralizzati e infrastrutture digitali per le transazioni globali.
L’obiettivo dell’incontro è esplorare come queste soluzioni possano rendere i pagamenti più sicuri, trasparenti e rapidi, avvicinando così la Fed al futuro della digital-finance integration.
Un passo storico verso una collaborazione concreta tra istituzioni tradizionali e innovazione cripto.
#breakingnews #Fed #Chainlink #Circle #Paxos
@Amelia Leo just remember 1/400th of a GOLD Bar Costs $4,252.80
and that 1/400th of a Bitcoin costs $270
GOLD has seized
TOTAL MARKET DOMINANCE, eclipsing BTC's share in the global asset arena with a market cap that's a whopping 13X LARGER.
The Raw Stats Seal the Deal (Fresh October 19 Data Drop): Gold's Market Cap: A colossal $30 TRILLION - powered by ~216,000
metric tons of above-ground reserves at a spot price of $4,267.90 per troy ounce (up 16.6% monthly, +62% YTD on inflation fears and geopolitical jitters). Central banks hoarded 1,000+ tons this year alone that's $5.7T in fortress-level reserves laughing at crypto ETF hype.
Bitcoin's Market Cap: A solid but
overshadowed $2.3 TRILLION - with
~15.93 million BTC circulating at
$108,500 per coin (up 15-20% YTD, but nursing a 5-10% pullback from its $126K ATH). Crypto total cap? ~$4.1T.
The Crushing Gap? Gold towers $27.7 TRILLION above BTC - or 1,304% bigger! BTC would need a 13X moonshot to even touch gold's pedestal, but with BTC.D breaking down to 59.49% (hinting at alt rotations), gold's lead only widens.
$PAXG
#Paxos
and that 1/400th of a Bitcoin costs $270
GOLD has seized
TOTAL MARKET DOMINANCE, eclipsing BTC's share in the global asset arena with a market cap that's a whopping 13X LARGER.
The Raw Stats Seal the Deal (Fresh October 19 Data Drop): Gold's Market Cap: A colossal $30 TRILLION - powered by ~216,000
metric tons of above-ground reserves at a spot price of $4,267.90 per troy ounce (up 16.6% monthly, +62% YTD on inflation fears and geopolitical jitters). Central banks hoarded 1,000+ tons this year alone that's $5.7T in fortress-level reserves laughing at crypto ETF hype.
Bitcoin's Market Cap: A solid but
overshadowed $2.3 TRILLION - with
~15.93 million BTC circulating at
$108,500 per coin (up 15-20% YTD, but nursing a 5-10% pullback from its $126K ATH). Crypto total cap? ~$4.1T.
The Crushing Gap? Gold towers $27.7 TRILLION above BTC - or 1,304% bigger! BTC would need a 13X moonshot to even touch gold's pedestal, but with BTC.D breaking down to 59.49% (hinting at alt rotations), gold's lead only widens.
$PAXG
#Paxos
Bitcoin-to-Gold Ratio Hits Critical Reversal Zone
The biggest capital shift of 2025 is unfolding right before our eyes — a staggering $34.2 billion has flooded into gold funds in just 10 weeks, smashing the all-time record.
Last week alone saw $8.2 billion in fresh gold inflows, following an $9.5 billion surge the week prior. Meanwhile, Bitcoin ETFs are bleeding cash, shedding $536 million in a single week.
The stats tell the real story:
Gold hits $4,300 (+60% YTD)
Silver surges +50% YTD
Gold market cap stands colossal at $30 trillion
Bitcoin market cap trails at $2.2 trillion — up 70% over 12 months but currently consolidating.
Three seismic forces are driving this unprecedented flow:
Geopolitical chaos — trade wars, sanctions, and rapid deglobalization
Central bank panic — a turbocharged de-dollarization trend
A monetary shift — rate cut bets pushing capital into safe havens
The classic 60/40 portfolio is being rewritten in real time.
The burning question: Is this new capital a flight to safety or a withdrawal from crypto?
The answer: It’s both. Central banks and retail investors are flooding into metals, while short-term risk-off moves are draining Bitcoin.
Why this moment is explosive:
Gold RSI is sky-high above 80 — warning of an overheated market
Silver shortages spark premiums of 10–20%
The Bitcoin-to-gold ratio at 29:1 — sitting at a critical reversal point
History’s playing out again:
Back in 2021, when gold peaked, Bitcoin tripled in just six months. When metals reach saturation, capital snaps back into crypto with a ferocity that shocks the market.
Smart money is making its move: 60% metals, 40% crypto—ride gold’s final surge, quietly stack Bitcoin, and get ready.
When this rotation reverses, it will be violent and lightning-fast. Gold is the harbor for fear; Bitcoin is the vault of conviction. Watch the BTC/gold ratio — it’s the canary in the coal mine.
When it breaks, the whole future flips.
🟡 Gold = panic capital
🟠 Bitcoin = ascent capital
The biggest capital shift of 2025 is unfolding right before our eyes — a staggering $34.2 billion has flooded into gold funds in just 10 weeks, smashing the all-time record.
Last week alone saw $8.2 billion in fresh gold inflows, following an $9.5 billion surge the week prior. Meanwhile, Bitcoin ETFs are bleeding cash, shedding $536 million in a single week.
The stats tell the real story:
Gold hits $4,300 (+60% YTD)
Silver surges +50% YTD
Gold market cap stands colossal at $30 trillion
Bitcoin market cap trails at $2.2 trillion — up 70% over 12 months but currently consolidating.
Three seismic forces are driving this unprecedented flow:
Geopolitical chaos — trade wars, sanctions, and rapid deglobalization
Central bank panic — a turbocharged de-dollarization trend
A monetary shift — rate cut bets pushing capital into safe havens
The classic 60/40 portfolio is being rewritten in real time.
The burning question: Is this new capital a flight to safety or a withdrawal from crypto?
The answer: It’s both. Central banks and retail investors are flooding into metals, while short-term risk-off moves are draining Bitcoin.
Why this moment is explosive:
Gold RSI is sky-high above 80 — warning of an overheated market
Silver shortages spark premiums of 10–20%
The Bitcoin-to-gold ratio at 29:1 — sitting at a critical reversal point
History’s playing out again:
Back in 2021, when gold peaked, Bitcoin tripled in just six months. When metals reach saturation, capital snaps back into crypto with a ferocity that shocks the market.
Smart money is making its move: 60% metals, 40% crypto—ride gold’s final surge, quietly stack Bitcoin, and get ready.
When this rotation reverses, it will be violent and lightning-fast. Gold is the harbor for fear; Bitcoin is the vault of conviction. Watch the BTC/gold ratio — it’s the canary in the coal mine.
When it breaks, the whole future flips.
🟡 Gold = panic capital
🟠 Bitcoin = ascent capital
@Amelia Leo just remember 1/400th of a GOLD Bar Costs $4 ,252.80
and that 1/400th of a Bitcoin costs $270
GOLD has seized,✴️✴️✴️
TOTAL MARKET DOMINANCE, eclipsing BTC's share in the global asset arena with a market cap that's a whopping 13X LARGER.📊📊📊📊
The Raw Stats Seal the Deal (Fresh October 19 Data Drop): Gold's Market Cap: A colossal $30 TRILLION - powered by ~216,000
metric tons of above-ground reserves at a spot price of $4,267.90 per troy ounce (up 16.6% monthly, +62% YTD on inflation fears and geopolitical jitters). Central banks hoarded 1,000+ tons this year alone that's $5.7T in fortress-level reserves laughing at crypto ETF hype.
Bitcoin's Market Cap: A solid but
overshadowed $2.3 TRILLION - with
~15.93 million BTC circulating at
$108,500 per coin (up 15-20% YTD, but nursing a 5-10% pullback from its $126K ATH). Crypto total cap? ~$4.1T.
The Crushing Gap? Gold towers $27.7 TRILLION above BTC - or 1,304% bigger! BTC would need a 13X moonshot to even touch gold's pedestal, but with BTC.D breaking down to 59.49% (hinting at alt rotations), gold's lead only widens.
$PAXG
#Paxos
and that 1/400th of a Bitcoin costs $270
GOLD has seized,✴️✴️✴️
TOTAL MARKET DOMINANCE, eclipsing BTC's share in the global asset arena with a market cap that's a whopping 13X LARGER.📊📊📊📊
The Raw Stats Seal the Deal (Fresh October 19 Data Drop): Gold's Market Cap: A colossal $30 TRILLION - powered by ~216,000
metric tons of above-ground reserves at a spot price of $4,267.90 per troy ounce (up 16.6% monthly, +62% YTD on inflation fears and geopolitical jitters). Central banks hoarded 1,000+ tons this year alone that's $5.7T in fortress-level reserves laughing at crypto ETF hype.
Bitcoin's Market Cap: A solid but
overshadowed $2.3 TRILLION - with
~15.93 million BTC circulating at
$108,500 per coin (up 15-20% YTD, but nursing a 5-10% pullback from its $126K ATH). Crypto total cap? ~$4.1T.
The Crushing Gap? Gold towers $27.7 TRILLION above BTC - or 1,304% bigger! BTC would need a 13X moonshot to even touch gold's pedestal, but with BTC.D breaking down to 59.49% (hinting at alt rotations), gold's lead only widens.
$PAXG
#Paxos
🚨 BREAKING
💥 $300 Trillion Printed by “Mistake”?
PayPal’s partner Paxos accidentally minted $300 TRILLION in PYUSD (PayPal) stablecoins due to a “technical glitch.” 🤯
That’s more than 2× the world’s GDP — all in a stablecoin.
If this can happen once… what else is hidden behind the scenes? 🧐
#Breaking #CryptoNews #GreenFi #Paxos #PYUSD
💥 $300 Trillion Printed by “Mistake”?
PayPal’s partner Paxos accidentally minted $300 TRILLION in PYUSD (PayPal) stablecoins due to a “technical glitch.” 🤯
That’s more than 2× the world’s GDP — all in a stablecoin.
If this can happen once… what else is hidden behind the scenes? 🧐
#Breaking #CryptoNews #GreenFi #Paxos #PYUSD
Paxos Mint và Burn $300 Nghìn Tỷ PYUSD: Thử Nghiệm Sức Mạnh Và Tính Linh Hoạt Của Stablecoin Trên Chuỗi
Một sự kiện chưa từng có đã xảy ra khi #Paxos , đơn vị phát hành stablecoin PYUSD của PayPal, đã nhầm lẫn mint (đúc) và sau đó burn (đốt) một lượng khổng lồ $300 nghìn tỷ USD token PYUSD trên blockchain Ethereum. Mặc dù là một "lỗi đánh máy" (fat-finger mistake), sự cố này đã vô tình trở thành một cuộc thử nghiệm công khai về khả năng kiểm soát và phục hồi của hệ thống stablecoin cấp tổ chức .
Khả năng Phục hồi Tức thì và Tính Minh bạch On-chain
Chỉ hơn 20 phút sau khi số lượng token gấp 2.5 lần GDP toàn cầu này được đúc, Paxos đã nhanh chóng xác định lỗi và đốt cháy toàn bộ số #PYUSD thừa bằng cách gửi chúng đến một địa chỉ mạng không thể truy cập được. Toàn bộ quy trình mint và burn, với chi phí giao dịch chỉ $2.66, được thực hiện một cách minh bạch và hoàn toàn có thể kiểm tra được trên chuỗi (on-chain) .
Sự cố này đã chứng minh tính linh hoạt và khả năng phục hồi tức thì của công nghệ stablecoin được quản lý. Paxos đã nhanh chóng đưa ra tuyên bố chính thức, xác nhận đây là lỗi kỹ thuật nội bộ, không phải vi phạm bảo mật, và quỹ khách hàng hoàn toàn an toàn. Điều này làm nổi bật ưu điểm của blockchain: mọi hành động đều được ghi lại vĩnh viễn và có thể được xác minh ngay lập tức bởi bất kỳ ai trên thế giới, củng cố niềm tin vào tính kiểm soát và sự tin cậy của các nhà phát hành stablecoin lớn. #anh_ba_cong
Một sự kiện chưa từng có đã xảy ra khi #Paxos , đơn vị phát hành stablecoin PYUSD của PayPal, đã nhầm lẫn mint (đúc) và sau đó burn (đốt) một lượng khổng lồ $300 nghìn tỷ USD token PYUSD trên blockchain Ethereum. Mặc dù là một "lỗi đánh máy" (fat-finger mistake), sự cố này đã vô tình trở thành một cuộc thử nghiệm công khai về khả năng kiểm soát và phục hồi của hệ thống stablecoin cấp tổ chức .
Khả năng Phục hồi Tức thì và Tính Minh bạch On-chain
Chỉ hơn 20 phút sau khi số lượng token gấp 2.5 lần GDP toàn cầu này được đúc, Paxos đã nhanh chóng xác định lỗi và đốt cháy toàn bộ số #PYUSD thừa bằng cách gửi chúng đến một địa chỉ mạng không thể truy cập được. Toàn bộ quy trình mint và burn, với chi phí giao dịch chỉ $2.66, được thực hiện một cách minh bạch và hoàn toàn có thể kiểm tra được trên chuỗi (on-chain) .
Sự cố này đã chứng minh tính linh hoạt và khả năng phục hồi tức thì của công nghệ stablecoin được quản lý. Paxos đã nhanh chóng đưa ra tuyên bố chính thức, xác nhận đây là lỗi kỹ thuật nội bộ, không phải vi phạm bảo mật, và quỹ khách hàng hoàn toàn an toàn. Điều này làm nổi bật ưu điểm của blockchain: mọi hành động đều được ghi lại vĩnh viễn và có thể được xác minh ngay lập tức bởi bất kỳ ai trên thế giới, củng cố niềm tin vào tính kiểm soát và sự tin cậy của các nhà phát hành stablecoin lớn. #anh_ba_cong
🧯 Paxos Mints $300 Trillion PYUSD by Mistake — Instantly Burned, Market Stabilizes
On October 16, 2025, the global crypto market witnessed one of the most unbelievable stablecoin incidents in history.
Paxos — the issuer of PayPal USD (PYUSD) — accidentally minted $300 trillion worth of PYUSD on the Ethereum network due to an internal technical error.
For 30 intense minutes, the blockchain recorded a mint value that surpassed the U.S. national debt, exceeded global GDP, and stunned every corner of DeFi.
💻 How a Simple Input Error Created $300 Trillion
• According to Paxos, the problem originated when an engineer entered a wrong mint order.
• Instead of 300 million PYUSD, the system processed an order with six extra zeros, resulting in 300,000,000,000,000 PYUSD minted.
• The error came directly from Paxos’ hot wallet, then routed into PYUSD’s official smart contracts.
• Total transaction cost: just $2.66 in gas fees.
• Estimated amount if real: $300 trillion USD — more than 8× the global GDP.
Within minutes of detection, Paxos burned all excess tokens, restored the mint order to 300 million, and publicly confirmed that no user funds were impacted.
“There were no security breaches. The root cause has been identified and fixed,” a Paxos spokesperson said.
⚡ Ripple Effect Across DeFi
Even though the minted tokens never left the system, the scale of the event rattled markets:
• Lending protocol Aave temporarily froze PYUSD trading to avoid systemic risks.
•Several exchanges noticed a brief deviation from PYUSD’s $1 peg.
•On-chain activity and market chatter skyrocketed in real time.
Social media lit up with reactions — part shock, part satire:
“Someone just printed enough to pay off America’s public debt!”“Paxos just created a new world economy.”
🧭 A Reminder of Fragile Systems
The Paxos event now stands as the largest accidental stablecoin mint in crypto history, surpassing earlier technical blunders:
• Binance once mistakenly minted over $15B in BETH.
• Bitcoin once faced the overflow bug, generating $14B worth of BTC.
• Tether in 2019 accidentally minted $5B USDT.
But none of those compare to $300 trillion — a number that could have wrecked markets if not contained.
🔐 Paxos Damage Control & Market Recovery
• All mistakenly minted PYUSD tokens have been completely burned.
• Paxos confirmed that user funds remained fully safe throughout the incident.
• The stablecoin quickly returned to full parity with USD, calming the market.
• DeFi platforms lifted their temporary risk measures after validation.
🌍 Why This Incident Matters
💸 $300 trillion minted — more than the GDP of the entire world.
⏱️ 30 minutes to detect, isolate, and burn the error.
🧭 A wake-up call for technical audit systems in stablecoin infrastructure.
🧯 No financial damage — but massive spotlight on internal controls.
The Paxos glitch will likely enter crypto history books as the “$300 Trillion Typo” — a surreal reminder of how precision in blockchain matters at every keystroke.
#Paxos #PYUSD #Ethereum #Stablecoin #PaxosIncident
$PAXG $ETH $USDC
Paxos — the issuer of PayPal USD (PYUSD) — accidentally minted $300 trillion worth of PYUSD on the Ethereum network due to an internal technical error.
For 30 intense minutes, the blockchain recorded a mint value that surpassed the U.S. national debt, exceeded global GDP, and stunned every corner of DeFi.
💻 How a Simple Input Error Created $300 Trillion
• According to Paxos, the problem originated when an engineer entered a wrong mint order.
• Instead of 300 million PYUSD, the system processed an order with six extra zeros, resulting in 300,000,000,000,000 PYUSD minted.
• The error came directly from Paxos’ hot wallet, then routed into PYUSD’s official smart contracts.
• Total transaction cost: just $2.66 in gas fees.
• Estimated amount if real: $300 trillion USD — more than 8× the global GDP.
Within minutes of detection, Paxos burned all excess tokens, restored the mint order to 300 million, and publicly confirmed that no user funds were impacted.
“There were no security breaches. The root cause has been identified and fixed,” a Paxos spokesperson said.
⚡ Ripple Effect Across DeFi
Even though the minted tokens never left the system, the scale of the event rattled markets:
• Lending protocol Aave temporarily froze PYUSD trading to avoid systemic risks.
•Several exchanges noticed a brief deviation from PYUSD’s $1 peg.
•On-chain activity and market chatter skyrocketed in real time.
Social media lit up with reactions — part shock, part satire:
“Someone just printed enough to pay off America’s public debt!”“Paxos just created a new world economy.”
🧭 A Reminder of Fragile Systems
The Paxos event now stands as the largest accidental stablecoin mint in crypto history, surpassing earlier technical blunders:
• Binance once mistakenly minted over $15B in BETH.
• Bitcoin once faced the overflow bug, generating $14B worth of BTC.
• Tether in 2019 accidentally minted $5B USDT.
But none of those compare to $300 trillion — a number that could have wrecked markets if not contained.
🔐 Paxos Damage Control & Market Recovery
• All mistakenly minted PYUSD tokens have been completely burned.
• Paxos confirmed that user funds remained fully safe throughout the incident.
• The stablecoin quickly returned to full parity with USD, calming the market.
• DeFi platforms lifted their temporary risk measures after validation.
🌍 Why This Incident Matters
💸 $300 trillion minted — more than the GDP of the entire world.
⏱️ 30 minutes to detect, isolate, and burn the error.
🧭 A wake-up call for technical audit systems in stablecoin infrastructure.
🧯 No financial damage — but massive spotlight on internal controls.
The Paxos glitch will likely enter crypto history books as the “$300 Trillion Typo” — a surreal reminder of how precision in blockchain matters at every keystroke.
#Paxos #PYUSD #Ethereum #Stablecoin #PaxosIncident
$PAXG $ETH $USDC
Paxos Mints and Burns 300 Trillion PYUSD in Error
• Paxos minted 300 trillion PYUSD by mistake.
• PYUSD remained stable at $1 pegging.
• Aave paused PYUSD trading briefly.
Paxos Trust Company accidentally minted and subsequently burned 300 trillion PYUSD stablecoins on October 15, 2025, due to a technical error on the Ethereum ETH ...
Ethereum (ETH)
network.
The incident drew attention to stablecoin issuance protocols amidst temporary market disruptions, though no permanent financial impacts occurred, maintaining PYUSD’s stability and the broader market’s equilibrium.
Paxos Trust Company made an internal error on October 15, 2025, accidentally minting and then burning 300 trillion PYUSD tokens on the Ethereum network. The error was acknowledged quickly via their official X account.
The incident involved influential stakeholders like Paxos and Aave, a key DeFi protocol. Paxos immediately corrected the issue by burning the tokens, while Aave temporarily froze PYUSD trading due to the unexpected large transaction.
The market impact was minimal since the tokens were destroyed shortly after minting. PYUSD maintained its $1 peg, and the overall market cap remained steady without any long-term shifts.
Despite the brief disruption, there were no security breaches or risks to customer funds. Gas fees for this process totaled just $2.66, exemplifying the resilience of blockchain systems even during internal errors.
Historical precedents with Tether and Bonk show similar self-correcting minting errors. Such events reinforce the importance of internal controls in cryptocurrency operations, highlighting the need for vigilance in stablecoin management.
“At 3:12 PM EST, Paxos mistakenly minted excess PYUSD as part of an internal transfer. Paxos immediately identified the error and burned the excess PYUSD. This was an internal technical error. There is no security breach. Customer funds are safe. We have addressed the root cause.” — Paxos Official X account
#PYUSD #PAXOS
• Paxos minted 300 trillion PYUSD by mistake.
• PYUSD remained stable at $1 pegging.
• Aave paused PYUSD trading briefly.
Paxos Trust Company accidentally minted and subsequently burned 300 trillion PYUSD stablecoins on October 15, 2025, due to a technical error on the Ethereum ETH ...
Ethereum (ETH)
network.
The incident drew attention to stablecoin issuance protocols amidst temporary market disruptions, though no permanent financial impacts occurred, maintaining PYUSD’s stability and the broader market’s equilibrium.
Paxos Trust Company made an internal error on October 15, 2025, accidentally minting and then burning 300 trillion PYUSD tokens on the Ethereum network. The error was acknowledged quickly via their official X account.
The incident involved influential stakeholders like Paxos and Aave, a key DeFi protocol. Paxos immediately corrected the issue by burning the tokens, while Aave temporarily froze PYUSD trading due to the unexpected large transaction.
The market impact was minimal since the tokens were destroyed shortly after minting. PYUSD maintained its $1 peg, and the overall market cap remained steady without any long-term shifts.
Despite the brief disruption, there were no security breaches or risks to customer funds. Gas fees for this process totaled just $2.66, exemplifying the resilience of blockchain systems even during internal errors.
Historical precedents with Tether and Bonk show similar self-correcting minting errors. Such events reinforce the importance of internal controls in cryptocurrency operations, highlighting the need for vigilance in stablecoin management.
“At 3:12 PM EST, Paxos mistakenly minted excess PYUSD as part of an internal transfer. Paxos immediately identified the error and burned the excess PYUSD. This was an internal technical error. There is no security breach. Customer funds are safe. We have addressed the root cause.” — Paxos Official X account
#PYUSD #PAXOS
The good news for #Solana keeps coming!
Today, #paxos paxos announced that it has obtained a license from the regulatory authority in New York to issue its stablecoin, USDP, on the Solana network.
USDP is considered one of the oldest stablecoins in the market and has had the fewest issues, making it one of the most stable and reliable options. However, the coin was previously only available on the #Ethereum network.
Today, it was announced that the coin will be coming to the Solana network starting from January 17th, by the will of God.
With the arrival of #USDP on Solana, it will be a good option for those looking to diversify their stablecoin holdings to reduce risks and at the same time avoid concerns about high Ethereum network fees.
#NEAR $SOL $NEAR $MOVR
Today, #paxos paxos announced that it has obtained a license from the regulatory authority in New York to issue its stablecoin, USDP, on the Solana network.
USDP is considered one of the oldest stablecoins in the market and has had the fewest issues, making it one of the most stable and reliable options. However, the coin was previously only available on the #Ethereum network.
Today, it was announced that the coin will be coming to the Solana network starting from January 17th, by the will of God.
With the arrival of #USDP on Solana, it will be a good option for those looking to diversify their stablecoin holdings to reduce risks and at the same time avoid concerns about high Ethereum network fees.
#NEAR $SOL $NEAR $MOVR
$XLM
Paxos 宣布将与 Stellar 网络集成，并计划在 2024 年底之前将资产引入 Stellar 网络。Stellar 是一个用于支付和汇款的开源区块链，Paxos 的这一举措将进一步促进受监管的机构稳定币的采用 。通过与 Stellar Development Foundation 的合作，Paxos 将扩展其资产到 Stellar 网络，这将有助于提高 Stellar 网络的采用率，并为 Paxos 提供更多的支付和汇款应用场景 。这次集成可能会带来一系列技术挑战，包括确保资产在两个网络间的安全转移、维护网络的稳定性以及确保监管合规性 。此外，Stellar 网络最近升级至协议 21，引入了五项新的核心改进提案，以提升网络效率和成本效益 ，这为 Paxos 资产的引入提供了一个更加高效和可扩展的网络环境。
#xlm #stellar #XLM/USDT #XLM.智能策略库🥇🥇 #paxos
Paxos 宣布将与 Stellar 网络集成，并计划在 2024 年底之前将资产引入 Stellar 网络。Stellar 是一个用于支付和汇款的开源区块链，Paxos 的这一举措将进一步促进受监管的机构稳定币的采用 。通过与 Stellar Development Foundation 的合作，Paxos 将扩展其资产到 Stellar 网络，这将有助于提高 Stellar 网络的采用率，并为 Paxos 提供更多的支付和汇款应用场景 。这次集成可能会带来一系列技术挑战，包括确保资产在两个网络间的安全转移、维护网络的稳定性以及确保监管合规性 。此外，Stellar 网络最近升级至协议 21，引入了五项新的核心改进提案，以提升网络效率和成本效益 ，这为 Paxos 资产的引入提供了一个更加高效和可扩展的网络环境。
#xlm #stellar #XLM/USDT #XLM.智能策略库🥇🥇 #paxos
🚨 BREAKING: Major Binance Updates 🚨
• Binance partners with BBVA to let customers store crypto off-exchange with bank-level custody.
• Paxos Trust to pay $48.5M settlement over regulatory issues tied to Binance.
• $12M in Ethereum moved from Binance to Wintermute as ETH rockets past $4K.
$ETH
📈 Big moves in security, compliance, and market momentum!
#Binance #CryptoNews #Ethereum #BBVA #Paxos
• Binance partners with BBVA to let customers store crypto off-exchange with bank-level custody.
• Paxos Trust to pay $48.5M settlement over regulatory issues tied to Binance.
• $12M in Ethereum moved from Binance to Wintermute as ETH rockets past $4K.
$ETH
📈 Big moves in security, compliance, and market momentum!
#Binance #CryptoNews #Ethereum #BBVA #Paxos
💰 PAX Gold (PAXG) – الذهب الرقمي بأمان حقيقي
@Paxos
#Paxos
#PAXG
PAXG هو أصل رقمي صادر عن شركة Paxos، حيث يرتبط كل رمز بأونصة تروي واحدة من الذهب الحقيقي المخزن بأمان في خزائن Brink's ضمن سبائك وزنها 400 أونصة معتمدة في سوق لندن. 🏦✨
⚡ مزايا حاملي PAXG:
امتلاك الذهب المادي الأساسي من خلال Paxos Trust Company.
إمكانية استرداد قيمة الرموز بالدولار الأمريكي مباشرة مع Paxos.
إذا كنت تمتلك أكثر من 430 رمز PAXG، يمكنك استبدال رموزك بسبائك ذهبية مادية.
استثمر في الذهب بطريقة ذكية وآمنة مع PAXG، حيث يلتقي العالم الرقمي بالقيمة الحقيقية! 🌟
$PAXG
@Paxos
#Paxos
#PAXG
PAXG هو أصل رقمي صادر عن شركة Paxos، حيث يرتبط كل رمز بأونصة تروي واحدة من الذهب الحقيقي المخزن بأمان في خزائن Brink's ضمن سبائك وزنها 400 أونصة معتمدة في سوق لندن. 🏦✨
⚡ مزايا حاملي PAXG:
امتلاك الذهب المادي الأساسي من خلال Paxos Trust Company.
إمكانية استرداد قيمة الرموز بالدولار الأمريكي مباشرة مع Paxos.
إذا كنت تمتلك أكثر من 430 رمز PAXG، يمكنك استبدال رموزك بسبائك ذهبية مادية.
استثمر في الذهب بطريقة ذكية وآمنة مع PAXG، حيث يلتقي العالم الرقمي بالقيمة الحقيقية! 🌟
$PAXG
Paxos Labs Targets High Liquidity and Cost Efficiency for USDH
Paxos Labs co-founder Bhau recently shared insights on the company's USDH proposal, emphasizing a vision to make USDH the most liquid and cost-efficient asset in the blockchain ecosystem. Unlike exclusive partnership models, Paxos Labs aims to create an open infrastructure that allows a wide range of entities to build upon USDH. This includes gateways, DeFi protocols, fintech applications, and payment providers, ensuring broad accessibility and utility.
To advance this goal, Paxos Labs has already collaborated with key players such as Rain and LayerZero, signaling strong initial steps toward widespread adoption. By prioritizing liquidity and cost efficiency, Paxos Labs seeks to position USDH as a foundational asset for diverse blockchain-based innovations.
#Paxos
Paxos Labs co-founder Bhau recently shared insights on the company's USDH proposal, emphasizing a vision to make USDH the most liquid and cost-efficient asset in the blockchain ecosystem. Unlike exclusive partnership models, Paxos Labs aims to create an open infrastructure that allows a wide range of entities to build upon USDH. This includes gateways, DeFi protocols, fintech applications, and payment providers, ensuring broad accessibility and utility.
To advance this goal, Paxos Labs has already collaborated with key players such as Rain and LayerZero, signaling strong initial steps toward widespread adoption. By prioritizing liquidity and cost efficiency, Paxos Labs seeks to position USDH as a foundational asset for diverse blockchain-based innovations.
#Paxos
🐋 150M $PYUSD Injected into the Market!
Just moments ago, the on-chain analytics platform Whale Alert detected a seismic shift in the stablecoin landscape. Paxos Treasury has officially minted a staggering 150,000,000 $PYUSD on the Ethereum network. 💰🔥
This isn't just a routine transaction; it's a major liquidity event. A mint of this scale typically signals one of two things:
· 🚀 Anticipating Major Demand: Preparing for significant buying pressure or large-scale trading activity.
· 🌊 Whale Movement: A major player is positioning themselves for a substantial market move.
For the $PYUSD ecosystem, this is a powerful statement of growth and utility. For traders, it's a critical data point to watch.
What's your take? Is this a sign of bullish momentum brewing?
DYOR No Financial advice!
#Paxos #stablecoin #whalealert #CryptoNews #Ethereum
$ETH
Just moments ago, the on-chain analytics platform Whale Alert detected a seismic shift in the stablecoin landscape. Paxos Treasury has officially minted a staggering 150,000,000 $PYUSD on the Ethereum network. 💰🔥
This isn't just a routine transaction; it's a major liquidity event. A mint of this scale typically signals one of two things:
· 🚀 Anticipating Major Demand: Preparing for significant buying pressure or large-scale trading activity.
· 🌊 Whale Movement: A major player is positioning themselves for a substantial market move.
For the $PYUSD ecosystem, this is a powerful statement of growth and utility. For traders, it's a critical data point to watch.
What's your take? Is this a sign of bullish momentum brewing?
DYOR No Financial advice!
#Paxos #stablecoin #whalealert #CryptoNews #Ethereum
$ETH
$BTC
🚨Paxos Accidentally Mints $300 Trillion in PYUSD Stablecoins🚨
#Paxos accidentally minted $300 trillion in #PYUSD today, prompting community incredulity. The firm quickly burned these tokens and minted $300 million, claiming user error.
This gaffe has highlighted a real concern in stablecoins: these protocols don't need proof of reserves to mint tokens. Web3-native solutions could power new mechanisms, but issuers may not wish to implement them.#StrategyBTCPurchase
🚨Paxos Accidentally Mints $300 Trillion in PYUSD Stablecoins🚨
#Paxos accidentally minted $300 trillion in #PYUSD today, prompting community incredulity. The firm quickly burned these tokens and minted $300 million, claiming user error.
This gaffe has highlighted a real concern in stablecoins: these protocols don't need proof of reserves to mint tokens. Web3-native solutions could power new mechanisms, but issuers may not wish to implement them.#StrategyBTCPurchase
#Paxos
Circle and Paxos Pioneer Advanced Stablecoin Issuance Verification Technology
Stablecoin issuers Circle and Paxos are collaborating with fintech startup Bluprynt, founded by Georgetown Law Professor Chris Brummer, to test an innovative verification technology for stablecoin issuance, as reported by BlockBeats. This initiative aims to enhance the transparency and integrity of digital asset holdings by leveraging advanced cryptography and blockchain technology.
The new system focuses on providing robust issuer verification during the minting process, ensuring that stablecoins can be traced back to verified issuers. This development strengthens trust in the stablecoin ecosystem, promoting greater accountability and traceability for users and regulators alike. By integrating cutting-edge technology, Circle and Paxos are setting a new standard for secure and transparent stablecoin issuance.
#BUSD $BUSD
Circle and Paxos Pioneer Advanced Stablecoin Issuance Verification Technology
Stablecoin issuers Circle and Paxos are collaborating with fintech startup Bluprynt, founded by Georgetown Law Professor Chris Brummer, to test an innovative verification technology for stablecoin issuance, as reported by BlockBeats. This initiative aims to enhance the transparency and integrity of digital asset holdings by leveraging advanced cryptography and blockchain technology.
The new system focuses on providing robust issuer verification during the minting process, ensuring that stablecoins can be traced back to verified issuers. This development strengthens trust in the stablecoin ecosystem, promoting greater accountability and traceability for users and regulators alike. By integrating cutting-edge technology, Circle and Paxos are setting a new standard for secure and transparent stablecoin issuance.
#BUSD $BUSD
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