UsePaid pauses X Money payouts as PAID token falls 38%

  • UsePaid paused X Money creator-fee payouts and launched direct Solana-wallet claims.
  • About $1.54 million in fees was claimed on September 27, roughly 26 times the prior day.
  • PAID fell 38% after payout disruptions, and UsePaid imposed a $750 daily recipient limit.

UsePaid temporarily suspended creator-fee payouts through X Money after a sharp increase in claims disrupted its Solana-based payment service, sending its native PAID token down 38%. Claimed fees reached about $1.54 million on September 27, roughly 26 times the prior day's amount, prompting a temporary $750 daily limit per recipient before payouts were halted. By September 28, UsePaid had introduced an onchain claims portal that lets recipients withdraw earnings directly to Solana wallets rather than through X Money. The protocol routes token-launch creator fees to designated X accounts, allocating 80% to recipients and using 20% to buy back and burn PAID. UsePaid said existing balances remain safe, fees continue accruing and X Money operates independently of the protocol.

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