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Paxos Accidentally Mints $300 Trillion ‘Excess' PayPal Stablecoin

Paxos, the issuer of PayPal's PYUSD PYUSD - $0.999670858360190 stablecoin, said Wednesday (Oct. 15) that it accidentally minted “excess PYUSD” and then removed the excess from circulation. CNBC reported Thursday (Oct.

Source: pymnts.com

Related symbols: STABLEUSD

2025-10-16 18:18:02 GMT.

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PYUSD

Price & Market Data

Price: $0.999670858360190

Volume 24h: $76,029,027.24

Market Cap: $3,665,015,179.76

Description

PayPal USD (PYUSD) is a cryptocurrency launched in 2023and operates on the Ethereum platform. PayPal USD has a current supply of 3,578,967,045.4835792. The last known price of PayPal USD is 0.99950262 USD and is down -0.01 over the last 24 hours. It is currently trading on 143 active market(s) with $56,124,250.72 traded over the last 24 hours. More information can be found at https://www.paypal.com/pyusd.