Even in 2025, some aspects of cryptocurrency seem rather risky, despite assurances that certain coins are fully backed, stable, and secure. A hair-raising case in point hitting the newswires today is provided by PayPal’s crypto partner Paxos, which accidentally minted $300 trillion data-analytics-id=”inline-link” href=”https://www.prf.hn/click/camref:1011l3BPJ2/pubref:tomshardware-us-9354758418766218276/destination:https%3A%2F%2Fwww.paypal.com%2Fus%2Fdigital-wallet%2Fmanage-money%2Fcrypto%2Fpyusd” target=”_blank” data-url=”https://www.paypal.com/us/digital-wallet/manage-money/crypto/pyusd” referrerpolicy=”no-referrer-when-downgrade” rel=”sponsored noopener” data-hl-processed=”hawklinks” data-placeholder-url=”https://www.prf.hn/click/camref:1011l3BPJ2/pubref:hawk-custom-tracking/destination:https%3A%2F%2Fwww.paypal.com%2Fus%2Fdigital-wallet%2Fmanage-money%2Fcrypto%2Fpyusd” data-google-interstitial=”false” data-merchant-name=”PayPal US (PAUSED)” data-merchant-id=”321161″ data-merchant-network=”PHG” data-merchant-url=”paypal.com/us”>PYUSD a few hours ago. This so-called ‘stablecoin’ is said to be “fully backed by US dollar deposits, US treasuries, and similar cash equivalents.” Despite that pledge, there is no way that such a gargantuan sum…
