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PayPal's $300T stablecoin error
PayPalPayPal(US:PYPL) Youtubeยท2025-10-17 16:04

Where's that. >> Welcome back. Cryptocurrencies under pressure this morning again.This after a $300 trillion, yeah, you heard that right. $300 trillion mistake by a partner of PayPal, which sent shock waves across the industry yesterday. CNBC's Mackenzie Sagalos has the story for us.Can explain to us what exactly happened here, McKenzie. >> Hey, David. So, PayPal's big crypto bet is its dollar peg stable coin.It's called PYUSD. And as you said, it briefly created $300 trillion dollars out of thin air this w ...