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.
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.
Despite excellent political and banking conditions for stablecoins, PayPal’s PYUSD and Ripple’s RLUSD are still less than 1% of the market.
Real-world adoption of PayPal’s stablecoin PYUSD has been sluggish with just $45M in reserves reported so far.