[Paxos Destroyed $300 Trillion PYUSD Within 24 Minutes After Minting Error] Due to an internal technical error, Paxos accidentally minted $300 trillion worth of PayPal stablecoin (PYUSD), an amount exceeding twice the global GDP. The company completed the destruction within 24 minutes. CEO Charles Cascarilla stated that this incident highlights the advantage of blockchain's instant transparency.