Whale Alert recorded that Paxos Mint 150 million PYUSD on the Ethereum network on September 23.
This action increases the circulating supply of PYUSD on Ethereum, which may affect liquidation and cash flow in the market. Please check transaction details and official announcement from Paxos for verification.
Whale Alert reports a Mint order of 150 million PYUSD on Ethereum (September 23).
New Mint increase circulating supply, affecting stablecoin liquidation and distribution.
Follow on-chain transactions and Paxos official channels to confirm information.
Mint transaction recorded
Whale Alert recorded a Mint transaction of 150 million PYUSD on the Ethereum network on September 23.
Mint is the process of creating additional Token by the issuing contract. The record on Whale Alert indicates that a large Token flow has just been generated; it is necessary to check the transaction details (contract address, transaction Hash ) on the block explorer to verify the distribution purpose and the source of the reserve.
Implications for PYUSD and Paxos
Increasing the amount of PYUSD in circulation may impact liquidation, supply and demand, and market confidence related to the backing reserve.
For stablecoins, transparency about reserves and reporting from the issuer is key. If Mint coins are quickly distributed to exchanges or Derivative markets, it can change volatility and funding mechanisms; in contrast, holding them in Paxos' treasury has less immediate impact.
Impact on the cryptocurrency market
The actual impact depends on how the 150 million PYUSD is distributed and how users/market makers react.
Monitor on-chain indicators such as exchange inflows/outflows, funding rate fluctuations, and stablecoin volume to gauge the impact. Typically, new stablecoins can increase liquidation in USD trading pairs, but can also create selling pressure if large amounts are exchanged for other cryptocurrencies.
What is PYUSD?
PYUSD is a stablecoin issued by Paxos, Peg to the USD and operating on the Ethereum blockchain as an ERC-20 Token .
What does Mint 150 million mean?
That means Paxos has created an additional 150 million PYUSD, increasing the circulating supply; the impact depends on how it is distributed and the backing reserve assets.
How to check Mint transaction?
Check the transaction Hash and contract address on a block explorer like Etherscan to validate the amount, receiving address, and time of the transaction.
Should I wait for an official announcement from Paxos?
Required. Official announcement from Paxos to validate Mint purpose and reserve asset information; follow the organization's official media channels for details.
