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PayPal's Cryptocurrency Partner Accidentally Issues $300 Trillion in Stablecoins Due to 'Technical Error'
2025-10-16 /
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Author：小编
Paxos stated in a social media announcement that the accidental issuance of stablecoins was caused by an internal transfer operation error. Upon discovering the mistake, the company immediately destroyed the excess PYUSD (PayPal's stablecoin). The total amount of U.S. dollars circulating globally is far from sufficient to back $300 trillion worth of PYUSD, as theoretically, this scale would require more than twice the estimated total global GDP.
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