Paxos’ 300 trillion fat finger raises concerns over PYUSD integrity
The tokens were burned 22 minutes later, but many were left worried by Paxos’ ability to create such an unfeasible quantity out of thin air.
Bitcoin24h
$106,850.46-0.53%
Ethereum24h
$3,886.64-0.68%
BNB24h
$1,086.81-3.54%
XRP24h
$2.35-0.87%
Solana24h
$185.69-1.35%
TRON24h
$0.3137+0.25%
Dogecoin24h
$0.1892-0.22%
Cardano24h
$0.6298-1.25%
Hyperliquid24h
$36.33+1.84%
Chainlink24h
$16.73-1.20%
PayPal and Ripple stablecoins still sub-1% despite ‘stablecoin gold rush’
Despite excellent political and banking conditions for stablecoins, PayPal’s PYUSD and Ripple’s RLUSD are still less than 1% of the market.
Why is PayPal’s stablecoin PYUSD struggling a month after launch?
Real-world adoption of PayPal’s stablecoin PYUSD has been sluggish with just $45M in reserves reported so far.
-
Garlinghouse says Ripple doesn’t control XRP — history suggests otherwise—by Protos Staff
-
Microsoft could stall Bitcoin development via GitHub—by Protos Staff
-
Binance listing fee drama goes nuclear—by Protos Staff
-
$25 million Ethereum MEV exploit puts ‘Code Is Law’ on trial—by Protos Staff
-
Wintermute’s post-mortem ignored the biggest issues with Friday’s crash—by Protos Staff
-
Hyperliquid vs Binance drama unfolds in real-time—by Protos Staff
-
$600B gone in 30 minutes — inside crypto’s fastest-ever flash crash—by Protos Staff
-
How Binance’s USDe ‘depeg’ cost the exchange millions—by Protos Staff
-
Binance Wallet glitch shows $0 balances after weekend chaos—by Protos Staff
