{"id":968150,"date":"2025-10-17T12:18:09","date_gmt":"2025-10-17T06:48:09","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=968150"},"modified":"2025-10-17T12:59:45","modified_gmt":"2025-10-17T07:29:45","slug":"paypals-crypto-partner-mistakenly-mints-300-trillion-worth-of-stablecoins-technical-error-explained","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/10\/17\/paypals-crypto-partner-mistakenly-mints-300-trillion-worth-of-stablecoins-technical-error-explained\/","title":{"rendered":"PayPal&#8217;s crypto partner mistakenly mints $300 trillion worth of stablecoins: \u2018Technical error\u2019 explained"},"content":{"rendered":"<p>PayPal&#8217;s blockchain partner, Paxos, mistakenly minted $300 trillion worth of stablecoin on Wednesday. The company put it down to a \u2018technical error\u2019.<\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PayPal&#8217;s blockchain partner, Paxos, mistakenly minted $300 trillion worth of stablecoin on Wednesday. The company put it down to a \u2018technical error\u2019. 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.<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15,51,4],"tags":[],"class_list":["post-968150","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-it-2-hindustantimes","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/968150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=968150"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/968150\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=968150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=968150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=968150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}