October 16, 2025

Banks fumble TXs too; at least Paxos’ $300T error was transparent

Paxos’ accidental minting of $300 trillion PYUSD on Wednesday, while undoubtedly concerning, serves as a case study as to why blockchain could shine in traditional banking.On Wednesday, Paxos mistakenly minted $300 trillion worth of the PayPal USD (PYUSD) …

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