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Stablecoins’ Oops Moment: From Paxos’ $300 Trillion PYUSD Glitch to Other Costly Minting Mistakes
Paxos accidentally minted $300 trillion in PYUSD, about 2.5 times global GDP. The error cost only $2.66 in gas fees, exposing how one transaction can distort supply ...
Paxos CEO Charles Cascarilla has claimed that the accidental minting of $300 trillion PYUSD tokens was a success in terms of blockchain transparency, rather than a failure. He defended the Paxos ...
Paxos, the regulated blockchain & tokenization infrastructure platform, is pleased to announce a strategic expansion of its stablecoin issuance to the Solana blockchain platform. Previously exclusive ...
SAN FRANCISCO--(BUSINESS WIRE)--Modern Treasury today announced a partnership with Paxos, a leading regulated blockchain and tokenization infrastructure platform, to make it easier for businesses to ...
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