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Paxos Clarifies No Security Breach After $300 Trillion PayPal USD Minting Glitch

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Paxos Clarifies No Security Breach After $300 Trillion PayPal USD Minting Glitch

Stablecoin issuer Paxos accidentally minted an astonishing 300 trillion PayPal USD (PYUSD) tokens on Wednesday after a technical error disrupted its minting system. The incident occurred at 3:12 p.m.

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