2025-10-16
Paxos minted $300 trillion PYUSD, and now it just burned the $300 trillion. Seems like someone fat fingered the PYUSD supply. Ethereum stablecoin supply topped $300T for exactly 23 minutes. May take a while to get back to that number. Never a dull day in crypto! [image]
Decrypt
Paxos says it “mistakenly minted” $300T of PayPal's PYUSD stablecoin on October 15 on the Ethereum blockchain and then “burned” the tokens 20+ minutes later
Crypto industry observers were baffled Wednesday afternoon when an on-chain transaction showed that Paxos …
2025-09-13
USAT will be headquartered in Charlotte, NC, Hines said.
The Block
Tether launches the US-regulated USAT stablecoin and names Bo Hines, the former Executive Director of the White House Crypto Council, as CEO of its new US unit
from a misunderstood/opaque offshore stablecoin to a $169B market leader, now pioneering financial innovation in the U.S. Excited for the Tether America launch event. [image] @cowb...
BREAKING: Tether is entering the US market with its USAT stablecoin. Bo Hines will be CEO. Anchorage will be the issuer, and Cantor Fitzgerald will handle the treasury reserves. It's a huge move for the world's largest stablecoin company. [image]
The Block
Tether launches the US-regulated USAT stablecoin and names Bo Hines, the former Executive Director of the White House Crypto Council, as CEO of its new US unit
from a misunderstood/opaque offshore stablecoin to a $169B market leader, now pioneering financial innovation in the U.S. Excited for the Tether America launch event. [image] @cowb...