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
$76,927.04-0.93%
Ethereum24h
$2,475.71-1.62%
BNB24h
$716.79-0.94%
XRP24h
$1.39+0.69%
Solana24h
$100.56-0.80%
TRON24h
$0.3377-0.53%
Hyperliquid24h
$78.90-1.02%
Zcash24h
$1,142.85+0.40%
Dogecoin24h
$0.0826-1.79%
Monero24h
$516.81+0.17%
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.
-
Forget crypto or AI, oil tanker ETF BWET is up 5,100%—by Protos Staff
-
Osmosis took 74 days to discover 40-BTC Nomic exploit—by Protos Staff
-
Donald Trump has a gas problem—by Protos Staff
-
Crypto.com keeps rewriting terms for CRO holders—by Protos Staff
-
Bitcoin’s 90-day correlation with gold hits nine-year high—by Protos Staff
-
How 4,000 BTC walked out of Blockstream’s Liquid Network—by Protos Staff
-
BitMEX founder Ben Delo gives UK’s Reform Party another £4M—by Protos Staff
-
Nvidia director Mark Stevens sold a record $411M of stock—by Protos Staff
-
Every Kraken IPO plan has failed—by Protos Staff
