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Oct 16 • 10 tweets • 2 min read
A $300 trillion mint. $2.66 in gas fees. 20 minutes to erase it.

The #Paxos PYUSD glitch wasn’t just a typo — it exposed the biggest flaw in stablecoin minting process. 🧵 👇 @FireblocksHQ Image 1️⃣ The Incident

On Oct 15, 2025, Paxos — the issuer behind PayPal’s stablecoin (PYUSD) — accidentally minted $300 trillion.
That’s over 2.5× global GDP and 100× the total USD supply.