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Paxos accidentally printed 3x the world’s GDP - then burned it in 20 minutes

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The company behind PayPal’s stablecoin accidentally minted $300 Trillion. Then erased it. Thankfully, no one lost money this time, but this gets to show how fragile digital money systems can be. Blockchain-based systems are all fun and happiness - until one bad click.


Stablecoins can move trillions easily, but incidents like this show how the next generation of finance will need built-in, automated oversight that operates at the same speed as digital transactions.


Your payment and banking setup must be as strong as your financial controls. A proper payment and banking strategy defines not only how money moves but also how systems react when something goes wrong.


 
 
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