Paxos mistakenly mints $300T PYUSD on Ethereum, citing tech error (theblock.co) 10 points by thm 11mo ago ↗ HN
[–] f4uCL9dNSnQm 11mo ago ↗ > PYUSD's price momentarily deviated from its $1 peg but quickly stabilized following the burn.Why is there even a market for trading between asset-backed stable coins and USD? Shouldn't issuer always buy it back for nominal price?
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[ 3.4 ms ] story [ 11.0 ms ] threadWhy is there even a market for trading between asset-backed stable coins and USD? Shouldn't issuer always buy it back for nominal price?