{"id":37474,"date":"2025-10-17T08:05:26","date_gmt":"2025-10-17T12:05:26","guid":{"rendered":"https:\/\/stateofthenation.info\/?p=37474"},"modified":"2025-10-17T08:05:49","modified_gmt":"2025-10-17T12:05:49","slug":"oh-really-just-a-glitch-paypals-crypto-partner-mints-a-whopping-300-trillion-worth-of-stablecoins-in-technical-error","status":"publish","type":"post","link":"https:\/\/stateofthenation.info\/?p=37474","title":{"rendered":"OH REALLY, JUST A GLITCH?! PayPal\u2019s crypto partner mints a whopping $300 trillion worth of stablecoins in \u2018technical error\u2019"},"content":{"rendered":"<p><!--more--><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-37475\" src=\"http:\/\/stateofthenation.info\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-17-at-8.04.45-AM.png\" alt=\"\" width=\"564\" height=\"691\" srcset=\"https:\/\/stateofthenation.info\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-17-at-8.04.45-AM.png 564w, https:\/\/stateofthenation.info\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-17-at-8.04.45-AM-245x300.png 245w\" sizes=\"auto, (max-width: 564px) 100vw, 564px\" \/><\/p>\n<hr \/>\n<h3 class=\"RenderKeyPoints-header\"><strong>Key Points<\/strong><\/h3>\n<div><\/div>\n<div class=\"RenderKeyPoints-list\">\n<div>\n<div class=\"group\">\n<ul>\n<li>Paxos mistakenly minted the stablecoins as part of an internal transfer, before it \u201cimmediately identified the error and burned the excess PYUSD,\u201d the company said in a social media statement.<\/li>\n<li>There aren\u2019t enough dollars in global circulation to back $300 trillion PYUSD, which would theoretically require more than double the world\u2019s estimated total GDP.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<hr \/>\n<p>____<br \/>\n<a href=\"https:\/\/www.cnbc.com\/2025\/10\/16\/paypals-crypto-partner-mints-300-trillion-stablecoins-in-technical-error.html\">https:\/\/www.cnbc.com\/2025\/10\/16\/paypals-crypto-partner-mints-300-trillion-stablecoins-in-technical-error.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-37474","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/stateofthenation.info\/index.php?rest_route=\/wp\/v2\/posts\/37474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateofthenation.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateofthenation.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateofthenation.info\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stateofthenation.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37474"}],"version-history":[{"count":0,"href":"https:\/\/stateofthenation.info\/index.php?rest_route=\/wp\/v2\/posts\/37474\/revisions"}],"wp:attachment":[{"href":"https:\/\/stateofthenation.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateofthenation.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateofthenation.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}