According to @lookonchain, Paxos mistakenly minted 300 trillion PYUSD roughly 7 hours before their post by adding six extra zeros, then burned the 300T and correctly minted 300 million PYUSD instead; source: @lookonchain on X. On-chain data for the PYUSD contract shows mint and burn activity consistent with this correction, indicating the erroneous supply was removed and replaced with the intended 300M; source: https://etherscan.io/token/0x6c3ea9036406852006290770bedfcaba0e23a0e8. For trading relevance, the net supply reflects the corrected 300M rather than 300T, so any unintended supply shock is mitigated by the burn and proper remint; source: @lookonchain on X and Etherscan token data at https://etherscan.io/token/0x6c3ea9036406852006290770bedfcaba0e23a0e8. Traders can verify current token supply and recent mint-burn events directly on Etherscan before executing large swaps to manage peg and slippage risk; source: https://etherscan.io/token/0x6c3ea9036406852006290770bedfcaba0e23a0e8.

According to the source, there is a circulating claim that Paxos executed unusually large mint-and-burn activity in PYUSD (PayPal USD), which requires direct on-chain verification before any trading action (source: Ethereum block explorer data). Traders should confirm PYUSD total and circulating supply, token mint/burn logs, and top holder movements on the official PYUSD ERC-20 token page to validate or refute the claim (source: Etherscan PYUSD token tracker). Cross-check any observed on-chain supply changes against Paxos monthly attestations and transparency reports to reconcile balances and identify operational tests versus production issuance (source: Paxos Transparency and Withum attestations). Monitor the PYUSD/USD peg, order book depth, and slippage in major centralized venues and stablecoin DEX pools to detect dislocations that could affect liquidity and spreads (source: exchange order books and Curve/Uniswap analytics). Review Paxos issuance and redemption policies to assess convertibility and potential peg risk pathways under stress, and verify any official notices regarding extraordinary mint/burn events (source: Paxos user terms and PayPal product announcements).