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
$71,009.27+0.20%
Ethereum24h
$2,089.27-0.20%
BNB24h
$654.83-0.08%
XRP24h
$1.40+0.33%
Solana24h
$87.68-0.69%
TRON24h
$0.2973+1.34%
Dogecoin24h
$0.0956-0.09%
Hyperliquid24h
$37.77+2.97%
Cardano24h
$0.2617-1.14%
Bitcoin Cash24h
$463.76+0.73%
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.
-
Ethereum address poisoning spike, ‘wallets aren’t ready’ says researcher—by Protos Staff
-
Binance probed by DoJ, files lawsuit against WSJ—by Protos Staff
-
How bombing Iran shifted oil and bitcoin prices—by Protos Staff
-
DeFi lending platform Compound Finance hijacked again—by Protos Staff
-
The ‘dead internet’ theory is getting a rebrand — meet Web 4.0—by Protos Staff
-
Are Polymarket and Kalshi decentralized?—by Protos Staff
-
Pig butchering is creating entirely new industries—by Protos Staff
-
Four months on, MEV Capital falls victim to $4B DeFi daisy chain implosion—by Protos Staff
-
‘Chinese Instagram’ Rednote bans Justin Sun’s accounts—by Protos Staff
