Bitcoin24h $63,358.16+0.89%

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Zcash24h $468.36+4.39%

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.

China wants a yuan stablecoin, but why?

Reports claim that China wants to issue a yuan stablecoin, but it is not clear how that is compatible with its goals.

Stablecoins have seen their market cap increase from $251B to approximately $268B since Donald Trump signed the GENIUS Act into law.

Maker DAO is incentivizing DAI holders to convert their stablecoins into the new, reward-yielding USDS, which has a remote freeze capability.

Two Fantom-supported stablecoins, FUSD and USDC.E, had an odd collateral repayment scheme that one user called a ‘forced liquidation.’