Paxos has reportedly issued $300 trillion worth of PayPal stablecoin, significantly exceeding the current supply of USD, which stands at $2.4 trillion. This issuance raises questions about the implications of such a large amount of stablecoin in circulation. Stablecoins are designed to maintain a stable value against traditional currencies, and this unprecedented figure could impact the market dynamics. The reaction from financial regulators and market participants remains to be seen as the situation develops.
