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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 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…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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 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…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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