Paxos has launched USDG0, a novel regulated stablecoin designed to enhance blockchain transactions. This stablecoin, approved by the New York State Department of Financial Services (NYSDFS), offers seamless […]
Paxos Launches USDG0: Bringing Regulated Dollar Liquidity Across Multiple Chains
Paxos Labs has launched USDG0, an omnichain extension of its regulated USD stablecoin. This innovation leverages LayerZero’s OFT (Omnichain Fungible Token) standard to provide fully backed dollar liquidity […]
Paxos Launches Stablecoin Salary Option for Employees
Financial technology firm Paxos has partnered with Toku and integrated its payroll platforms ADP and Workday to offer a revolutionary new feature: the ability to receive part of […]
Paxos Makes $3 Trillion Mistake: 300 Trillion PYUSD Minted and Burned
A technical error at Paxos led to the accidental creation of 300 trillion PYUSD, momentarily impacting the stability of the stablecoin. The incident sparked concerns about control and […]
Paxos Addresses Technical Glitch, Reclaiming Stability for PYUSD
A technical glitch caused a temporary surge in the supply of Paxos-issued stablecoin PYUSD. The error, discovered at 3:12 PM ET, led to the accidental creation of approximately […]
Paxos Rectifies $4,500 Trillion Stablecoin Minting Glitch
A technical error has resulted in Paxos accidentally minting 300 trillion PYUSD tokens on Ethereum, but the company swiftly neutralized the issue. 20 minutes after the event, all […]
Paxos Mints and Burns 300 Trillion PYUSD: Stablecoin Issuance Protocol Under Scrutiny
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 […]
Paxos Triggers $300 Trillion Cryptocurrency Glitch: A Look at Stablecoin Risks
A brief but significant error by Paxos led to the accidental creation of a staggering $300 trillion in PayPal’s new stablecoin, PYUSD. This unexpected event triggered an immediate […]
Paxos’ $300 Trillion Error: Stablecoin Miscalculation Sparks Market Scrutiny
The New York Department of Financial Services (NYDFS) confirmed a significant blunder by Paxos, its stablecoin issuer, which created an estimated $300 trillion in unbacked PayPal USD (PYUSD) […]
Paxos Accidentally Minted $300 Trillion Worth of PYUSD
A technical glitch at stablecoin issuer Paxos sent shockwaves through the crypto community on Wednesday, as they inadvertently minted a staggering $300 trillion worth of PayPal USD (PYUSD) […]
Paxos Accidentally Mints $300 Trillion PYUSD on Ethereum
A technical error at Paxos resulted in the accidental minting of $300 trillion PYUSD on Ethereum on October 15, 2025. The excess tokens were swiftly burned within a […]
Paxos Addresses Technical Glitch in Stablecoin Issuance
An accidental minting of 300 trillion PYUSD stablecoins occurred earlier today at Paxos, a stablecoin issuer. The company quickly addressed the issue by destroying the excess tokens within […]
Kraken to List USDH from Day One with Paxos Bidding for Stablecoin Contract
Kraken has agreed to list USDH and Hyperliquid’s HYPE token upon launch, if Paxos secures the contract for the stablecoin. This move would position Paxos as a major […]
Paxos’ USDH Stablecoin Proposal Aims to Revolutionize Payments
Paxos Labs is taking a bold step forward with its latest proposal for the USDH stablecoin, designed in collaboration with Hyperliquid. This revised offer brings PayPal and Venmo […]
PayPal & Paxos Enter the Race to Issue Hyperliquid’s USDH Stablecoin
A major shake-up in the stablecoin world is brewing as industry giants PayPal and Paxos have entered the race for the rights to issue Hyperliquid’s USDH stablecoin. This […]