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Aave freezes PYUSD markets after unprecedented 300T mint and burn

October 15, 2025 by DIGIT
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Aave freezes PYUSD markets after unprecedented 300T mint and burn

Crypto users were left scrambling on Wednesday after Paxos minted 300 trillion of PayPal’s PYUSD stablecoin, then sent it all to a burn address.

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  • bitcoinBitcoin(BTC)$88,120.00-0.99%
  • ethereumEthereum(ETH)$2,951.15-1.70%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$898.67-0.25%
  • rippleXRP(XRP)$1.88-1.66%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$123.11-2.73%
  • staked-etherLido Staked Ether(STETH)$2,949.45-1.72%
  • tronTRON(TRX)$0.2945440.48%
  • dogecoinDogecoin(DOGE)$0.121676-2.84%
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  • bitcoinBitcoin(BTC)$88,120.00-0.99%
  • ethereumEthereum(ETH)$2,951.15-1.70%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$898.67-0.25%
  • rippleXRP(XRP)$1.88-1.66%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$123.11-2.73%
  • staked-etherLido Staked Ether(STETH)$2,949.45-1.72%
  • tronTRON(TRX)$0.2945440.48%
  • dogecoinDogecoin(DOGE)$0.121676-2.84%