Paxos mistakenly issues 300T PYUSD, Lookonchain reports

The issuance of 300 trillion PYUSD early this morning was a mistake by Paxos, Lookonchain reported. Seven hours prior, Paxos had issued 300 trillion PYUSD, worth approximately $300.086 trillion, before immediately burning the tokens. The company subsequently issued 300 million PYUSD.