🚀 Gate Square “Gate Fun Token Challenge” is Live!
Create tokens, engage, and earn — including trading fee rebates, graduation bonuses, and a $1,000 prize pool!
Join Now 👉 https://www.gate.com/campaigns/3145
💡 How to Participate:
1️⃣ Create Tokens: One-click token launch in [Square - Post]. Promote, grow your community, and earn rewards.
2️⃣ Engage: Post, like, comment, and share in token community to earn!
📦 Rewards Overview:
Creator Graduation Bonus: 50 GT
Trading Fee Rebate: The more trades, the more you earn
Token Creator Pool: Up to $50 USDT per user + $5 USDT for the first 50 launche
Paxos destroyed 300 trillion dollars of stablecoin after a minting error, CEO says transparency is the advantage of Blockchain.
According to ChainCatcher news and a report by Decrypt, Paxos CEO Charles Cascarilla stated on Wednesday at the Fed's cryptocurrency roundtable that the company accidentally minted $3 trillion worth of PayPal stablecoin (PYUSD) due to an internal technical error and subsequently destroyed it all within 24 minutes. This amount exceeds more than twice the global GDP. Cascarilla attempted to redefine this incident as a demonstration of blockchain transparency, claiming it actually showcases the transparency that blockchain can provide instantly.