PayPal’s crypto partner mistakenly mints $300 trillion worth of stablecoins: ‘Technical error’ explained
PayPal’s blockchain partner, Paxos, mistakenly minted $300 trillion worth of stablecoin on Wednesday. The company put it down to a ‘technical error’.
The incident came to light when market watchers caught the enormous injection of PayPal PYUSD stablecoin on Etherscan, which is a block explorer and analytics platform used for the Ethereum blockchain, as per CNBC.
