Paxos mistakenly mints $300T PYUSD on Ethereum, citing tech error (theblock.co) 10 points by thm 1y ago ↗ HN
[–] f4uCL9dNSnQm 1y 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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[ 5.0 ms ] story [ 31.0 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?