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Paxos Fat-Fingers $300T of PayPal Stablecoin, Outpacing USD's $2.4T Supply

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TL;DR

Paxos mistakenly minted $300 trillion worth of PayPal stablecoin, which exceeded the USD's total supply. The error was swiftly corrected through a burn mechanism.

Summary

Paxos mistakenly minted $300 trillion worth of PayPal stablecoin, which exceeded the USD's total supply. The error was swiftly corrected through a burn mechanism.

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Full article content is available on the original source.

By Omkar Godbole
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