This week on Stablecoins. Stablecoin cap hits $287B (+18% Q3) with $670B in on-chain loans. • $300T PYUSD Glitch: Paxos accidentally minted & burned $300T in PYUSD within 20 mins, No losses, but X calls it a “PayPal clown show.” • G7 giants (BoA, Goldman, UBS) are testing G7-pegged stablecoins, signaling deeper institutional entry into on-chain finance. • Nine major European banks (UniCredit, ING, and others) are developing a euro-denominated stablecoin to reduce reliance on the dollar. • Leading Japanese banks are piloting yen/USD stablecoins for cross-border payments.

This week on Stablecoins.

Stablecoin cap hits $287B (+18% Q3) with $670B in on-chain loans.

• $300T PYUSD Glitch: Paxos accidentally minted & burned $300T in PYUSD within 20 mins, No losses, but X calls it a “PayPal clown show.”

• G7 giants (BoA, Goldman, UBS) are testing G7-pegged stablecoins, signaling deeper institutional entry into on-chain finance.

• Nine major European banks (UniCredit, ING, and others) are developing a euro-denominated stablecoin to reduce reliance on the dollar.

• Leading Japanese banks are piloting yen/USD stablecoins for cross-border payments.

— Cryptopolitan (@CPOfficialtx) Oct 18, 2025