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Daily Coins Signal
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Bearish
卡扎姆夫人
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Trump-backed USD1 has officially overtaken PayPal’s PYUSD, signaling a major shift in the stablecoin landscape. Politics, finance, and crypto are colliding faster than expected. #USD1 #PYUSD
Trump-backed USD1 has officially overtaken PayPal’s PYUSD, signaling a major shift in the stablecoin landscape. Politics, finance, and crypto are colliding faster than expected.
#USD1 #PYUSD
Black Buzz Xrp
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A major milestone for $USD1 . We are now larger than PayPal’s digital dollar (#PYUSD ) and growing into one of the most significant digital dollar platforms in the world. This isn’t just about crypto. It’s about building the future of global money. The shift is happening. #Paypal
A major milestone for $USD1 . We are now larger than PayPal’s digital dollar (#PYUSD ) and growing into one of the most significant digital dollar platforms in the world.

This isn’t just about crypto. It’s about building the future of global money.

The shift is happening.
#Paypal
PhoenixTraderpro
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USD1 JUST SHOCKED THE WORLD 🤯 USD1 MARKET CAP SURPASSES PAYPAL'S PYUSD. THIS IS NOT JUST CRYPTO. THIS IS THE FUTURE OF GLOBAL MONEY. USD1 IS MAKING HISTORY. DON'T GET LEFT BEHIND. THE SHIFT IS HAPPENING NOW. ACT FAST. DISCLAIMER: NOT FINANCIAL ADVICE. #USD1 #PYUSD #CryptoNews #MarketCap #GlobalMoneySupply 🚀
USD1 JUST SHOCKED THE WORLD 🤯

USD1 MARKET CAP SURPASSES PAYPAL'S PYUSD. THIS IS NOT JUST CRYPTO. THIS IS THE FUTURE OF GLOBAL MONEY. USD1 IS MAKING HISTORY. DON'T GET LEFT BEHIND. THE SHIFT IS HAPPENING NOW. ACT FAST.

DISCLAIMER: NOT FINANCIAL ADVICE.

#USD1 #PYUSD #CryptoNews #MarketCap #GlobalMoneySupply 🚀
Kageyama 影山
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Bullish
🔥 LAST: $USD1 de Trump surpasses PayPal's stablecoin {spot}(USD1USDT) 🚀 In a historic milestone on January 24, the stablecoin USD1 (from World Liberty Financial) has surpassed PayPal's PYUSD in market capitalization. 📉📈 Record Figures: $USD1 reached $4.54 trillion, leaving behind PayPal's $3.76 trillion. 💰🏦 Aggressive Adoption: The growth was driven by yield programs of up to 20% annually and its integration into the tokenization of commodities (oil and gas). 🛢️💎 Game Changer: A currency linked to a political figure has just defeated a global fintech giant. On-chain liquidity is no longer just financial; it is geopolitical. 🌎⚔️ The "digital dollar" is changing hands. Are we looking at the new reserve currency of the crypto ecosystem? 🧐🔥 #USD1 #TRUMP #Paypal #PYUSD #Stablecoins
🔥 LAST: $USD1 de Trump surpasses PayPal's stablecoin
🚀

In a historic milestone on January 24, the stablecoin USD1 (from World Liberty Financial) has surpassed PayPal's PYUSD in market capitalization. 📉📈

Record Figures: $USD1 reached $4.54 trillion, leaving behind PayPal's $3.76 trillion. 💰🏦

Aggressive Adoption: The growth was driven by yield programs of up to 20% annually and its integration into the tokenization of commodities (oil and gas). 🛢️💎

Game Changer: A currency linked to a political figure has just defeated a global fintech giant. On-chain liquidity is no longer just financial; it is geopolitical. 🌎⚔️

The "digital dollar" is changing hands.

Are we looking at the new reserve currency of the crypto ecosystem? 🧐🔥

#USD1 #TRUMP #Paypal #PYUSD #Stablecoins
DropNews
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🇺🇸📊  #USD1  #PYUSD  The $USD1 of Trump turned around the $PYUSD of PayPal.
🇺🇸📊
 #USD1  #PYUSD  The $USD1 of Trump turned around the $PYUSD of PayPal.
Reddish909
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RLUSD will list this afternoon. RLUSD is designed with a "Regulation-First" approach (regulation as the top priority). ​ ​Advantages of RLUSD - ​Very Strict Regulatory Compliance: RLUSD is issued under a trust company license from the New York Department of Financial Services (NYDFS). This is one of the strictest financial regulators in the world. For institutions, this provides a level of security far above USDT. - ​Transparency & Monthly Audit: Unlike some competitors who have faced "dark" reserve issues, RLUSD is audited every month by top accounting firms (such as Deloitte). Its reserves are 100% backed by US dollars, US government bonds (Treasury Bills), and cash equivalents. - ​"Native" Interoperability: RLUSD runs natively on two major networks: XRP Ledger (XRPL) for speed and low cost, and Ethereum for access to a vast DeFi ecosystem. - ​Corporate Efficiency: Ripple integrates RLUSD into their cross-border payment systems. This makes it easier for large companies to conduct instant settlements without being exposed to XRP volatility. ​Disadvantages of RLUSD - ​Lagging Network Effect: USDT and USDC have dominated the market for years. RLUSD's liquidity (around $1.2 billion) is still very small compared to USDT, which reaches hundreds of billions. This means that for very large transactions, slippage in RLUSD may still be higher. - ​Dependence on the Ripple Ecosystem: Although it can be used on Ethereum, the main appeal of RLUSD remains within the Ripple ecosystem. If the adoption of Ripple technology by banks slows down, RLUSD's growth will also be hindered. - ​"Too Centralized" Sentiment: For the purist crypto community, RLUSD is considered too compliant with the government. Ripple has the ability to freeze accounts if requested by legal authorities, which some view as contrary to the principles of decentralization. ​ RLUSD competitors include PayPal (PYUSD #RLUSD $RLUSD #PYUSD {spot}(RLUSDUSDT)
RLUSD will list this afternoon. RLUSD is designed with a "Regulation-First" approach (regulation as the top priority).

​Advantages of RLUSD
- ​Very Strict Regulatory Compliance: RLUSD is issued under a trust company license from the New York Department of Financial Services (NYDFS). This is one of the strictest financial regulators in the world. For institutions, this provides a level of security far above USDT.
- ​Transparency & Monthly Audit: Unlike some competitors who have faced "dark" reserve issues, RLUSD is audited every month by top accounting firms (such as Deloitte). Its reserves are 100% backed by US dollars, US government bonds (Treasury Bills), and cash equivalents.
- ​"Native" Interoperability: RLUSD runs natively on two major networks: XRP Ledger (XRPL) for speed and low cost, and Ethereum for access to a vast DeFi ecosystem.
- ​Corporate Efficiency: Ripple integrates RLUSD into their cross-border payment systems. This makes it easier for large companies to conduct instant settlements without being exposed to XRP volatility.

​Disadvantages of RLUSD
- ​Lagging Network Effect: USDT and USDC have dominated the market for years. RLUSD's liquidity (around $1.2 billion) is still very small compared to USDT, which reaches hundreds of billions. This means that for very large transactions, slippage in RLUSD may still be higher.
- ​Dependence on the Ripple Ecosystem: Although it can be used on Ethereum, the main appeal of RLUSD remains within the Ripple ecosystem. If the adoption of Ripple technology by banks slows down, RLUSD's growth will also be hindered.
- ​"Too Centralized" Sentiment: For the purist crypto community, RLUSD is considered too compliant with the government. Ripple has the ability to freeze accounts if requested by legal authorities, which some view as contrary to the principles of decentralization.

RLUSD competitors include PayPal (PYUSD
#RLUSD $RLUSD #PYUSD
Lion Of Kurdistan
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🚀 Unprecedented growth of Paxos within one year! In less than 12 months, Paxos has seen an amazing surge in asset value, rising from $1.2 billion in January 2025 to $6.8 billion today! A massive increase exceeding 450%! 💡 Key reasons behind this success: PYUSD, PayPal's stablecoin, contributed more than half of this growth, with its value increasing from $500 million to $3.6 billion. PAXG, Paxos' gold token, benefited from rising gold prices, with its market value growing from $500 million to $1.8 billion, a 72% increase over the year! 🔥 This growth is not just numbers—it reflects investor confidence and the innovation power of Paxos, underscoring the importance of stability and flexibility in the world of digital currencies and digital assets. Do you expect this momentum to continue in 2026? 🤔 Share your thoughts in the comments! $PAXG {spot}(PAXGUSDT) #Paxos #cryptocurrency #PYUSD #PAXG #DigitalAssets
🚀 Unprecedented growth of Paxos within one year!

In less than 12 months, Paxos has seen an amazing surge in asset value, rising from $1.2 billion in January 2025 to $6.8 billion today! A massive increase exceeding 450%!

💡 Key reasons behind this success:

PYUSD, PayPal's stablecoin, contributed more than half of this growth, with its value increasing from $500 million to $3.6 billion.

PAXG, Paxos' gold token, benefited from rising gold prices, with its market value growing from $500 million to $1.8 billion, a 72% increase over the year!

🔥 This growth is not just numbers—it reflects investor confidence and the innovation power of Paxos, underscoring the importance of stability and flexibility in the world of digital currencies and digital assets.

Do you expect this momentum to continue in 2026? 🤔
Share your thoughts in the comments!
$PAXG

#Paxos #cryptocurrency #PYUSD #PAXG #DigitalAssets
Only Cryptos
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Bullish
Spotlight _ Latest News Trump's Crypto Project Launches Lending Product _ What's World Liberty's next big move beyond lending? Standard Chartered Bets Big on Ethereum _ What's driving Standard Chartered to cut near-term targets but raise long-term ones? Crypto Funds Lose Nearly Half a Billion _ What triggered the sudden reversal after such a strong start to 2026? Strategy Buys Another Thirteen Thousand Bitcoin _ How does Strategy's average buy price compare to where Bitcoin is trading now? #Dubái Hands Token Approval to Exchanges _ Will other UAE regulators follow Dubai's model or keep their bans? Source: Binance News / Bitdegree / Coindesk / #CoinMarketCap / Cointelegraph / Decrypt "Place a trade with us via this post mentioned coin's & do support to reach maximum audience by follow, like, comment, share, repost, more such informative content ahead" $WLFI $ETH $BTC #USD1 #PYUSD {spot}(XRPUSDT) {spot}(SOLUSDT) {spot}(SUIUSDT)
Spotlight _ Latest News

Trump's Crypto Project Launches Lending Product _ What's World Liberty's next big move beyond lending?

Standard Chartered Bets Big on Ethereum _ What's driving Standard Chartered to cut near-term targets but raise long-term ones?

Crypto Funds Lose Nearly Half a Billion _ What triggered the sudden reversal after such a strong start to 2026?

Strategy Buys Another Thirteen Thousand Bitcoin _ How does Strategy's average buy price compare to where Bitcoin is trading now?

#Dubái Hands Token Approval to Exchanges _ Will other UAE regulators follow Dubai's model or keep their bans?

Source: Binance News / Bitdegree / Coindesk / #CoinMarketCap / Cointelegraph / Decrypt

"Place a trade with us via this post mentioned coin's & do support to reach maximum audience by follow, like, comment, share, repost, more such informative content ahead"

$WLFI $ETH $BTC #USD1 #PYUSD
Lasandra Cid Wr93
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🎯 BREAKING: Coinebase & PayPal Team Up to Boost Stablecoin Adoption Coinbase is deepening its partnership with PayPal to expand the use of $PYUSD, aiming to make stablecoin payments more seamless and accessible. Key Update: Coinbase will now support 1:1 PYUSD-to-USD conversions across its top-tier custody and trading platforms, enhancing utility and trust for users. ⸻ Want to get started in crypto? Sign up on Binance and claim 20 USDT FREE: Register Here #PYUSD #Stablecoins #CryptoNews #BinanceBonus #Web3Payments
🎯 BREAKING: Coinebase & PayPal Team Up to Boost Stablecoin Adoption

Coinbase is deepening its partnership with PayPal to expand the use of $PYUSD, aiming to make stablecoin payments more seamless and accessible.

Key Update:
Coinbase will now support 1:1 PYUSD-to-USD conversions across its top-tier custody and trading platforms, enhancing utility and trust for users.



Want to get started in crypto?
Sign up on Binance and claim 20 USDT FREE:
Register Here

#PYUSD
#Stablecoins
#CryptoNews
#BinanceBonus
#Web3Payments
韭菜明灯大师
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Bullish
Breaking News: Paxos applies for a US trust bank license, indicating its compliance and expansion intentions in the US market, which may boost market confidence. Currency: $PYUSD Trend: Bullish Trading Recommendation: PYUSD - Long - Focus on it #PYUSD 📈Don't miss the opportunity, click the market chart below to participate in trading now!
Breaking News: Paxos applies for a US trust bank license, indicating its compliance and expansion intentions in the US market, which may boost market confidence.

Currency: $PYUSD
Trend: Bullish
Trading Recommendation: PYUSD - Long - Focus on it

#PYUSD
📈Don't miss the opportunity, click the market chart below to participate in trading now!
Paul1406
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📈 Stablecoin Market 2025: On the Brink of Major Adoption In 2025, the stablecoin market continues to grow rapidly due to regulatory clarity, institutional support, and real-world use in payments and DeFi. It is expected that the total market capitalization may exceed $500 billion by the end of 2026, bolstered by laws such as the GENIUS Act in the USA, which raises standards for reserves and transparency. In addition to the dominant $USDT and $USDC , two promising stablecoins to watch for 2026 that may significantly increase their capitalization are: 🔹 #PYUSD (PayPal USD) — a stablecoin that leverages close integration with PayPal and Venmo — platforms with hundreds of millions of users. If PYUSD activates payments at checkout and P2P, it could sharply increase its use in real transactions. 🔹 FDUSD (First Digital USD) — a stablecoin gaining traction due to deep liquidity on Binance and active trading on exchanges. As an "exchange-centric" token, FDUSD could significantly benefit from crypto-commercial activity. Together with further DeFi expansion, integrations into payment systems, and regulatory support, these two assets may become some of the main beneficiaries of growth in 2026.
📈 Stablecoin Market 2025: On the Brink of Major Adoption

In 2025, the stablecoin market continues to grow rapidly due to regulatory clarity, institutional support, and real-world use in payments and DeFi. It is expected that the total market capitalization may exceed $500 billion by the end of 2026, bolstered by laws such as the GENIUS Act in the USA, which raises standards for reserves and transparency.

In addition to the dominant $USDT and $USDC , two promising stablecoins to watch for 2026 that may significantly increase their capitalization are:

🔹 #PYUSD (PayPal USD) — a stablecoin that leverages close integration with PayPal and Venmo — platforms with hundreds of millions of users. If PYUSD activates payments at checkout and P2P, it could sharply increase its use in real transactions.

🔹 FDUSD (First Digital USD) — a stablecoin gaining traction due to deep liquidity on Binance and active trading on exchanges. As an "exchange-centric" token, FDUSD could significantly benefit from crypto-commercial activity.

Together with further DeFi expansion, integrations into payment systems, and regulatory support, these two assets may become some of the main beneficiaries of growth in 2026.
KAIROS Macro
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MASSIVE $18.6 BILLION SHOCKER HITS CRYPTO! PayPal's $PYUSD just smashed an all-time high! We're talking a colossal $18.6 BILLION in quarterly transfer volume on $ETH, a mind-blowing 260% surge year-over-year. This isn't just a number; it's a seismic shift proving mainstream adoption is HERE. The smart money is moving. $ETH is already pumping, up 7.25% at 3,634.16. $BTC is following suit, surging 4.37% to 106,274.5. This explosion of activity signals a massive wave. Don't get left behind. The market is reacting NOW. Position yourself for what's next before it's too late! Not financial advice. Trade responsibly. #CryptoNews #FOMO #TradeNow #PYUSD #ETH 🚀 {future}(BTCUSDT)
MASSIVE $18.6 BILLION SHOCKER HITS CRYPTO!
PayPal's $PYUSD just smashed an all-time high! We're talking a colossal $18.6 BILLION in quarterly transfer volume on $ETH , a mind-blowing 260% surge year-over-year. This isn't just a number; it's a seismic shift proving mainstream adoption is HERE. The smart money is moving. $ETH is already pumping, up 7.25% at 3,634.16. $BTC is following suit, surging 4.37% to 106,274.5. This explosion of activity signals a massive wave. Don't get left behind. The market is reacting NOW. Position yourself for what's next before it's too late!
Not financial advice. Trade responsibly.
#CryptoNews #FOMO #TradeNow #PYUSD #ETH 🚀
Faizy Crypto
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🔥$PYR /USDT ALERT🔥 $PYR has surged past $1.00 with strong momentum and increasing volume, confirming bullish strength. The price hit a new high at $1.066 and if bulls hold this 1.030, then another leg up could be imminent. *Trade Setup:* - *Entry Zone:* 1.0400– 1.0425 - *Stop Loss:* 1.0100 - *Targets:* - 🎯 *TP1:* 1.0475 - 🎯 *TP2:* 1.0575 - 🎯 *TP3:* 1.0800 *Pro Tip:* Use a trailing stop-loss once TP1 is hit – this could rally fast with little resistance above $1.08. $PYR {spot}(PYRUSDT) #PYR #pyr #PYUSD
🔥$PYR /USDT ALERT🔥

$PYR has surged past $1.00 with strong momentum and increasing volume, confirming bullish strength. The price hit a new high at $1.066 and if bulls hold this 1.030, then another leg up could be imminent.

*Trade Setup:*
- *Entry Zone:* 1.0400– 1.0425
- *Stop Loss:* 1.0100
- *Targets:*
- 🎯 *TP1:* 1.0475
- 🎯 *TP2:* 1.0575
- 🎯 *TP3:* 1.0800

*Pro Tip:*
Use a trailing stop-loss once TP1 is hit – this could rally fast with little resistance above $1.08.

$PYR
#PYR #pyr #PYUSD
CryptoPatel28
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Bearish
$BTC {future}(BTCUSDT) 🚨Paxos Accidentally Mints $300 Trillion in PYUSD Stablecoins🚨 #Paxos accidentally minted $300 trillion in #PYUSD today, prompting community incredulity. The firm quickly burned these tokens and minted $300 million, claiming user error. This gaffe has highlighted a real concern in stablecoins: these protocols don't need proof of reserves to mint tokens. Web3-native solutions could power new mechanisms, but issuers may not wish to implement them.#StrategyBTCPurchase
$BTC

🚨Paxos Accidentally Mints $300 Trillion in PYUSD Stablecoins🚨
#Paxos accidentally minted $300 trillion in #PYUSD today, prompting community incredulity. The firm quickly burned these tokens and minted $300 million, claiming user error.
This gaffe has highlighted a real concern in stablecoins: these protocols don't need proof of reserves to mint tokens. Web3-native solutions could power new mechanisms, but issuers may not wish to implement them.#StrategyBTCPurchase
DaveMS
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Bullish
Stellar Mission: Distribute Wealth There are days when history appears in the form of a timeline with a brilliant "ISO 20022 Badge", a briefcase inscribed "Quantum Ledger" that whispers seductively. While everyone talks about the 10th anniversary of #Ethereum , few notice that on July 31, exactly 11 years ago, the Stellar protocol was born. Stellar was initially launched on July 31, 2014, along with the Stellar Development Foundation (SDF), a nonprofit organization that supported it. It was co-founded by Jed McCaleb and Joyce Kim. If #XRP is the Central Bank's ATM and #QNT is the universal translator between blockchains, #XLM is the protocol that sits in a corner and distributes wealth. 🔑 You get liquidity, a microcredit, an unbanked sovereign wallet with KYC-lite AI protection. The monetary teleportation platform for the people. 📝 Want to see its resume? 🎖️ Stellar complies with the ISO 20022 standard, and XLM is its digital passport. 🎖️ No mining. No wasted energy. No intermediaries called Chad. 🎖️ Micropayments. 🎖️ Fixed supply (around 50 billion tokens). No hidden inflation, no economic voodoo. 🎯 And let's not forget that: - Circle → Stellar is the launch platform. - Franklin Templeton → Tokenized assets? Also Stellar. - MoneyGram → Cross-border payments for operations not made of memes? Stellar again. - #PYUSD from PayPal? Guess who just hired the former of Stellar? Exactly. Fractional redistribution of wealth? Here’s the trick: 1 XLM = 100 million #Stroops. 🔎 These micro-units are designed to distribute wealth and can segment demographics, geolocations, and even smart contracts. ⚙️ It’s about interoperable, sovereign finance in a monetary system where individuals, governments, and institutions can participate in real-time. And in this new system, its mission is to connect the dots.
Stellar Mission: Distribute Wealth

There are days when history appears in the form of a timeline with a brilliant "ISO 20022 Badge", a briefcase inscribed "Quantum Ledger" that whispers seductively.

While everyone talks about the 10th anniversary of #Ethereum , few notice that on July 31, exactly 11 years ago, the Stellar protocol was born.

Stellar was initially launched on July 31, 2014, along with the Stellar Development Foundation (SDF), a nonprofit organization that supported it. It was co-founded by Jed McCaleb and Joyce Kim.

If #XRP is the Central Bank's ATM and #QNT is the universal translator between blockchains, #XLM is the protocol that sits in a corner and distributes wealth.

🔑 You get liquidity, a microcredit, an unbanked sovereign wallet with KYC-lite AI protection. The monetary teleportation platform for the people.

📝 Want to see its resume?

🎖️ Stellar complies with the ISO 20022 standard, and XLM is its digital passport.

🎖️ No mining. No wasted energy. No intermediaries called Chad.

🎖️ Micropayments.

🎖️ Fixed supply (around 50 billion tokens). No hidden inflation, no economic voodoo.

🎯 And let's not forget that:

- Circle → Stellar is the launch platform.

- Franklin Templeton → Tokenized assets? Also Stellar.

- MoneyGram → Cross-border payments for operations not made of memes? Stellar again.

- #PYUSD from PayPal? Guess who just hired the former of Stellar? Exactly.

Fractional redistribution of wealth? Here’s the trick:

1 XLM = 100 million #Stroops.

🔎 These micro-units are designed to distribute wealth and can segment demographics, geolocations, and even smart contracts.

⚙️ It’s about interoperable, sovereign finance in a monetary system where individuals, governments, and institutions can participate in real-time.

And in this new system, its mission is to connect the dots.
azantahir
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Bullish
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 410,281,843 #PYUSD (410,289,659 USD) transferred from unknown wallet to unknown wallet $ETH {future}(ETHUSDT) $PYTH {future}(PYTHUSDT)
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 410,281,843 #PYUSD (410,289,659 USD) transferred from unknown wallet to unknown wallet
$ETH
$PYTH
Burundanga News
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FREE FROM THE SEC! PayPal USD (PYUSD) TO CONQUER THE CRYPTO WORLD!BOMB NEWS! 💥 The stablecoin of , 💰, has been CLEARED of the SEC INVESTIGATION! 🥳 The company breathes EASILY and is ready to MOVE FORWARD! 🚀 This SEC CLOSURE comes amid REGULATORY CHANGES 🔄 and NEW STRATEGIC ALLIANCES 🤝 that seek to CONSOLIDATE PYUSD in the GLOBAL FINANCIAL ECOSYSTEM 🌐. PayPal REPORTED in its Form 10-Q 📄: the SEC CLOSED the 2023 investigation into PYUSD WITHOUT IMPOSING ANY MEASURES! 🙌 It started last NOVEMBER 🗓️ with a SUBPOENA 📜, but IT DIDN'T GO FURTHER! 😉

FREE FROM THE SEC! PayPal USD (PYUSD) TO CONQUER THE CRYPTO WORLD!

BOMB NEWS! 💥 The stablecoin of
,
💰, has been CLEARED of the SEC INVESTIGATION! 🥳 The company breathes EASILY and is ready to MOVE FORWARD! 🚀
This SEC CLOSURE comes amid REGULATORY CHANGES 🔄 and NEW STRATEGIC ALLIANCES 🤝 that seek to CONSOLIDATE PYUSD in the GLOBAL FINANCIAL ECOSYSTEM 🌐.
PayPal REPORTED in its Form 10-Q 📄: the SEC CLOSED the 2023 investigation into PYUSD WITHOUT IMPOSING ANY MEASURES! 🙌 It started last NOVEMBER 🗓️ with a SUBPOENA 📜, but IT DIDN'T GO FURTHER! 😉
CryptoPulse001
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On October 15, Paxos issued 300 trillion stablecoins PYUSD. About half an hour later, all coins were sent to the burn address. The company admitted the mistake, citing randomness: "There are no security breaches. Client funds are safe. We have eliminated the root cause." The incident briefly disrupted the DeFi markets; for example, Aave temporarily froze trading in PYUSD as a precaution. The price of the stablecoin momentarily deviated from its peg to the dollar but quickly stabilized after the burn. #CryptoNews #PYusd
On October 15, Paxos issued 300 trillion stablecoins PYUSD. About half an hour later, all coins were sent to the burn address.

The company admitted the mistake, citing randomness:

"There are no security breaches. Client funds are safe. We have eliminated the root cause."

The incident briefly disrupted the DeFi markets; for example, Aave temporarily froze trading in PYUSD as a precaution. The price of the stablecoin momentarily deviated from its peg to the dollar but quickly stabilized after the burn.

#CryptoNews #PYusd
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