{"id":408197,"date":"2025-10-16T05:33:54","date_gmt":"2025-10-16T00:03:54","guid":{"rendered":"https:\/\/dripp.zone\/news\/paxos-mints-and-burns-300-trillion-pyusd-on-ethereum-crypto-news\/"},"modified":"2025-10-16T05:43:19","modified_gmt":"2025-10-16T00:13:19","slug":"paxos-mints-and-burns-300-trillion-pyusd-on-ethereum-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/paxos-mints-and-burns-300-trillion-pyusd-on-ethereum-crypto-news\/","title":{"rendered":"Paxos Mints and Burns $300 Trillion PYUSD on Ethereum – Crypto News"},"content":{"rendered":"

<\/p>\n

The accidental move briefly made PayPal\u2019s PYUSD the largest stablecoin in the world before Paxos burned the newly minted supply.<\/p>\n

\n

Fintech giant PayPal made an interesting move today, minting $300 trillion of its PYUSD<\/a> stablecoin on the Ethereum blockchain, briefly making it the largest stablecoin in the world by a landslide.<\/p>\n

Paxos, which issues PYUSD, minted the supply<\/a> on Wednesday afternoon and burned<\/a> it shortly after, confirming it was an accidental mint.<\/p>\n

PYUSD Mint Transaction – Etherscan<\/figcaption><\/figure>\n

PYUSD, which is backed by U.S. dollars, is the eighth-largest stablecoin in DeFi with a $2.6 billion valuation. It\u2019s unclear whether Paxos intended to mint a specific amount, but any substantial increase in supply would see PYUSD surpass BlackRock\u2019s BUIDL USD and potentially World Liberty Financial\u2019s USD1.<\/p>\n

PYUSD has had a strong 2025, with its circulating supply up more than 5x<\/a> since the beginning of the year to more than double its previous all-time high of $1 billion in August 2024.<\/p>\n

\"PYUSD
PYUSD Market Cap – DeFiLllama<\/figcaption><\/figure>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The accidental move briefly made PayPal\u2019s PYUSD the largest stablecoin in the world before Paxos burned the newly minted supply. Fintech giant PayPal made an interesting move today, minting $300 trillion of its PYUSD stablecoin on the Ethereum blockchain, briefly making it the largest stablecoin in the world by a landslide. Paxos, which issues PYUSD, […]<\/p>\n","protected":false},"author":2,"featured_media":408200,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-408197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/408197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=408197"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/408197\/revisions"}],"predecessor-version":[{"id":408201,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/408197\/revisions\/408201"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/408200"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=408197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=408197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=408197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}