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
$101,916.39+2.55%
Ethereum24h
$3,405.68+6.37%
XRP24h
$2.29+5.87%
BNB24h
$991.33+6.31%
Solana24h
$159.14+4.86%
TRON24h
$0.2923+2.93%
Dogecoin24h
$0.1789+11.03%
Cardano24h
$0.5742+9.79%
Hyperliquid24h
$41.06+7.40%
Chainlink24h
$15.61+8.41%
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.
-
Stream Finance meltdown: winners and losers in DeFi ‘risk curator’ reckoning—by Protos Staff
-
Strategy needs to pay $689M a year to not sell bitcoin—by Protos Staff
-
China is sentencing pig butchering scammers to death—by Protos Staff
-
Stream Finance halts withdrawals after $93M loss, xUSD depegs 75%—by Protos Staff
-
Balancer exploit drains $129M in DeFi disaster—by Protos Staff
-
Reform UK insider George Cottrell tied to Trump Polymarket bets worth millions—by Protos Staff
-
What the hell is happening at Evolve Bank and Trust?—by Protos Staff
-
CZ threatens Elizabeth Warren with lawsuit over ‘money launderer’ claim—by Protos Staff
-
DeFi projects under fire for inflated TVL and murky lending loops—by Protos Staff
