Paxos, PayPal’s blockchain partner, accidentally minted $300 trillion worth of stablecoins Wednesday in what it called a “technical error,” quietly burning the tokens just minutes later.

Market watchers pointed out the blunder after they noticed a huge influx of PayPal’s PYUSD on Etherscan, an analytics platform for the Ethereum blockchain that allows users to view all data on the network.

“Paxos immediately identified the error and burned the excess PYUSD,” the crypto platform said on social media .

Paxos, PayPal’s blockchain partner, accidentally minted $300 trillion worth of stablecoins. ZUMAPRESS.com

“This was an internal technical error. There is no security breach. Customer funds are safe. We have addressed the root cause.”

The company said it mistakenly minted the coins – hy

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