pyusd

PYUSD stands for PayPal USD, which is a U.S. dollar–denominated stablecoin issued by Paxos Trust Company on behalf of PayPal. It is designed to maintain a 1:1 value with the U.S. dollar and can be used for payments, transfers, and conversions within PayPal’s ecosystem as well as compatible blockchain networks such as Ethereum.
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  1. Paxos Accidentally Minted $300 Trillion in Stablecoins — Twice the World’s GDP

    Paxos Accidentally Minted $300 Trillion in Stablecoins — Twice the World’s GDP

    Paxos Accidentally Mints $300 Trillion in Stablecoins — Twice the World’s GDP In a bizarre and short-lived technical incident, Paxos — PayPal’s official crypto partner and issuer of the PYUSD stablecoin — accidentally created nearly $300 trillion worth of tokens, briefly doubling the value of...
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