At 3:12 PM EST, Paxos mistakenly minted $300 trillion excess PYUSD as part of an internal transfer. Paxos immediately identified the error and burned the excess PYUSD with no impact to customer funds.

𝕏/@Paxos •

Revision history

8 recorded changes

Want your article here?

Promote with Leviathan News

More on $PYUSD

PayPal takes PYUSD global, expanding its stablecoin from two countries to 70 in one shot

PayPal takes PYUSD global, expanding its stablecoin from two countries to 70 in one shot

Fortune ·

State Street and Galaxy to launch tokenized liquidity fund, SWEEP on Solana in 2026. The fund will run on Solana at launch and use PYUSD. Ondo Finance committed about $200 million to seed the tokenized liquidity fund, which will later expand to other chains.

State Street and Galaxy to launch tokenized liquidity fund, SWEEP on Solana in 2026. The fund will run on Solana at launch and use PYUSD. Ondo Finance committed about $200 million to seed the tokenized liquidity fund, which will later expand to other chains.

archive.ph ·

DeFi giant Spark drops its crypto app plans to double down on institutional liquidity infrastructure, pivoting toward major deals like its $1B PYUSD investment.

DeFi giant Spark drops its crypto app plans to double down on institutional liquidity infrastructure, pivoting toward major deals like its $1B PYUSD investment.

Coindesk ·

Sui integrates with LayerZero. The integration is set to unlock access to $80B+ in assets (WBTC, PYUSD, Ethena & more) for builders and users.

Sui integrates with LayerZero. The integration is set to unlock access to $80B+ in assets (WBTC, PYUSD, Ethena & more) for builders and users.

𝕏/@LayerZero_Core ·

PayPal taps Spark to boost PYUSD liquidity by $1B through DeFi lending. The integration gives users the ability to supply and borrow PYUSD, with liquidity supported by Spark’s $8 billion stablecoin reserve pool. The initiative offers a model for sustainable stablecoin adoption without costly incentives.

PayPal taps Spark to boost PYUSD liquidity by $1B through DeFi lending. The integration gives users the ability to supply and borrow PYUSD, with liquidity supported by Spark’s $8 billion stablecoin reserve pool. The initiative offers a model for sustainable stablecoin adoption without costly incentives.

archive.ph ·

PayPal and LayerZero introduce PYUSD0, a permissionless token available through Stargate Hydra, expanding PYUSD availability to nine new blockchains

PayPal and LayerZero introduce PYUSD0, a permissionless token available through Stargate Hydra, expanding PYUSD availability to nine new blockchains

layerzero.network ·

PayPal takes PYUSD global, expanding its stablecoin from two countries to 70 in one shot

PayPal takes PYUSD global, expanding its stablecoin from two countries to 70 in one shot

Fortune ·

State Street and Galaxy to launch tokenized liquidity fund, SWEEP on Solana in 2026. The fund will run on Solana at launch and use PYUSD. Ondo Finance committed about $200 million to seed the tokenized liquidity fund, which will later expand to other chains.

State Street and Galaxy to launch tokenized liquidity fund, SWEEP on Solana in 2026. The fund will run on Solana at launch and use PYUSD. Ondo Finance committed about $200 million to seed the tokenized liquidity fund, which will later expand to other chains.

archive.ph ·

DeFi giant Spark drops its crypto app plans to double down on institutional liquidity infrastructure, pivoting toward major deals like its $1B PYUSD investment.

DeFi giant Spark drops its crypto app plans to double down on institutional liquidity infrastructure, pivoting toward major deals like its $1B PYUSD investment.

Coindesk ·

Sui integrates with LayerZero. The integration is set to unlock access to $80B+ in assets (WBTC, PYUSD, Ethena & more) for builders and users.

Sui integrates with LayerZero. The integration is set to unlock access to $80B+ in assets (WBTC, PYUSD, Ethena & more) for builders and users.

𝕏/@LayerZero_Core ·

PayPal taps Spark to boost PYUSD liquidity by $1B through DeFi lending. The integration gives users the ability to supply and borrow PYUSD, with liquidity supported by Spark’s $8 billion stablecoin reserve pool. The initiative offers a model for sustainable stablecoin adoption without costly incentives.

PayPal taps Spark to boost PYUSD liquidity by $1B through DeFi lending. The integration gives users the ability to supply and borrow PYUSD, with liquidity supported by Spark’s $8 billion stablecoin reserve pool. The initiative offers a model for sustainable stablecoin adoption without costly incentives.

archive.ph ·

PayPal and LayerZero introduce PYUSD0, a permissionless token available through Stargate Hydra, expanding PYUSD availability to nine new blockchains

PayPal and LayerZero introduce PYUSD0, a permissionless token available through Stargate Hydra, expanding PYUSD availability to nine new blockchains

layerzero.network ·

Explore the full feed

Up nextLeviathan SQUID DAO launches recovery pool for lenders affected by Llama Lend bad debt on Fraxtal