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Cryptorank

Category Paxos

Gold-backed PAXG hits record volumes, trades at premium to spot

Gold-backed PAXG hits record volumes, trades at premium to spot

PAXG traded at a premium on Binance, based on an anomalous price spike above $5,000, which liquidated short positions.
Paxos Mints 300 Trillion PYUSD By Error – Here’s What Happened

Paxos Mints 300 Trillion PYUSD By Error – Here’s What Happened

In an unexpected and almost surreal incident, Paxos, the issuer behind PayPal’s PYUSD stablecoin, mistakenly minted 300 trillion PYUSD — yes, with ...
The day $300 trillion appeared and then vanished on Ethereum

The day $300 trillion appeared and then vanished on Ethereum

For a few surreal moments on Oct. 15, the Ethereum blockchain seemed to host the financial equivalent of a dream. Paxos, the issuer behind PayPal’s...
Paxos accidentally mints $300 trillion in PayPal stablecoin

Paxos accidentally mints $300 trillion in PayPal stablecoin

Paxos mistakenly minted $300 trillion worth of PayPal USD (PYUSD) stablecoins on Ethereum before burning them within minutes.
Paxos Fat-Fingers $300T of PayPal Stablecoin, Outpacing USD's $2.4T Supply

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

The supply deluge was quickly reversed with burn mechanism.