In our @aave listed assets bug bounty series, today’s focus is @PayPal's PYUSD, issued by @Paxos. With $2.8B+ in circulation and no public bug bounty, critical areas remain exposed. Here’s how PayPal & Paxos can strengthen security ↓ PYUSD is a Paxos-issued stablecoin that shares its codebase with other Paxos-issued stablecoins, including USDP and BUSD. Paxos currently does not have a publicized bug bounty program. The lack of a bug bounty removes a critical layer of security, weakening incentives for ethical hackers and limiting risk identification to internal teams and periodic audits. The PayPal-branded and enabled token currently secures over $2.8 billion. We believe that a bug bounty program with a max bounty of at least $50,000 should be introduced to protect these funds. A minimum bounty of this size would incentivize skilled researchers to identify any potential vulnerabilities. Although centralized issuers like Paxos rely on regulatory and legal frameworks for post-incident recourse, these reactive measures cannot prevent exploits targeting critical infrastructure, custodial keys, or operators themselves. A robust bug bounty program acts as the necessary proactive safeguard, reducing reliance on after-the-fact interventions.