Businesses Can Convert Expenses into Revenue with Stablecoins, According to Paxos Labs Co-Founder

The $300 billion stablecoin market has evolved beyond its initial purpose of facilitating faster global transactions, with companies now exploring the full potential of these digital assets. This shift is driving a new wave of adoption, as the industry transitions from basic infrastructure to practical business applications, according to Chunda McCain, co-founder of Paxos Labs. In a recent interview with CoinDesk, McCain noted that the initial step of obtaining a stablecoin has given way to a new question: what's next? Paxos Labs, a subsidiary of Paxos, the New York-based digital asset firm behind popular stablecoins such as PayPal's PYUSD and the Global Dollar, recently secured $12 million in strategic funding. The investment will be used to develop a 'financial utility stack' that enables companies to convert digital assets into products through a single integration. The newly launched Amplify Suite offers three core tools: Earn, which provides yield on digital assets; Borrow, which facilitates lending against these assets; and Mint, which supports the creation of branded stablecoins. This suite allows firms to integrate tokens into their business and add capabilities over time. For years, enterprise crypto adoption has focused on 'first-touch' capabilities like trading, custody, or issuing stablecoins, which, although essential, rarely generated significant returns on their own. According to McCain, stablecoins have long been considered 'loss leaders.' However, the true opportunity lies in how these assets are utilized. A clear example is payments, where merchants typically incur 2-3% fees, while stablecoin-based transactions can reduce these costs and even generate yield on held balances. This effectively turns a traditional cost into a revenue stream. Some novel use cases emerge at the intersection of payments and credit. Payment providers, which already track merchant revenues and cash flow, can underwrite loans, allowing merchants to access financing based on real-time performance while earning yield on incoming payments and settling instantly across borders. Although these models are still in their early stages, the building blocks are starting to come together. Not all companies need to issue their own stablecoin to capture these benefits. While some companies, like PayPal, have launched branded tokens to control payments and margins, creating one requires significant investment in liquidity, compliance, and distribution. Many firms can instead integrate existing stablecoins and still benefit from lower costs and added yield. This shift may lack the hype surrounding big firms launching their own tokens, but it has a tangible impact on business operations. Stablecoins are starting to reshape profit margins, unlock credit, and change how money moves globally, particularly in areas where traditional systems are costly or slow.