On October 15, 2025, Paxos Trust Company made a significant error on the Ethereum network, accidentally minting 300 trillion PYUSD stablecoins. Despite this unexpected surge, the stablecoin remained pegged to $1, and no lasting market impact was observed. The incident raised questions about stablecoin issuance protocols as Aave temporarily paused PYUSD trading following the large transaction. Paxos swiftly resolved the issue by burning the misissued tokens. The company’s prompt action highlighted the network’s resilience. 300 trillion PYUSD were burned, with negligible impact on market capitalization or customer funds. Notably, this error follows similar self-correcting instances in past stablecoin management events, such as Tether and Bonk. The incident emphasizes the need for robust internal controls within cryptocurrency operations to ensure secure and efficient stablecoin management.