Paxos CEO Charles Cascarilla revealed at a Federal Reserve cryptocurrency roundtable that the company mistakenly minted $300 trillion worth of PayPal stablecoin (PYUSD) last week due to an "internal technical error." The error, which resulted in an amount exceeding twice the global GDP, was rectified within 24 minutes as the tokens were completely destroyed. Cascarilla highlighted this incident as a demonstration of blockchain's transparency, stating it showcases the technology's ability to provide immediate clarity.