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PayPalIn an embarrassing error, PayPal blockchain partner Paxos accidentally minted 300 trillion of the PYUSD token today. PayPal's stablecoin, which it debuted in 2023, is supposed to be redeemable at a 1:1 rate for US dollars. $300 trillion is more than double the entire world's current GDP of $117 trillion. In short, that's a really bad mistake from Paxos.At least the action did appear to be a mistake. Paxos acknowledged the issue in a post on X, a…See the Story
PayPal's Blockchain Partner Accidentally Minted $300 Trillion in Stablecoins
67% Left coverage: 3 sources
Africa · South AfricaRipple is extending its institutional custody infrastructure to Africa through a new partnership with Absa Bank, one of South Africa’s largest financial institutions. The deal makes Absa Ripple’s first major custody client on the continent and reflects growing institutional interest in tokenized assets across emerging markets. Absa will use Ripple’s ...See the Story
Ripple, RLUSD News: Firm Expands Custody Network to Africa
100% Center coverage: 1 sources
