Stablecoins Can Transform Business Expenses into Revenue Streams, According to Paxos Labs Co-Founder

The stablecoin market, which has grown to $300 billion, initially focused on facilitating rapid global transactions, but businesses are now exploring more practical applications for these digital assets. This shift is driving a new wave of adoption, as companies move beyond the foundational infrastructure and towards tangible business use cases, according to Chunda McCain, co-founder of Paxos Labs. In a recent interview with CoinDesk, McCain stated, "The initial step was obtaining a stablecoin, but now the question is: what's next?" Paxos Labs, a subsidiary of Paxos, the New York-based digital asset firm behind popular stablecoins like PayPal's PYUSD and the Global Dollar (USDG), has secured $12 million in strategic funding 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 primary 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, the focus of enterprise crypto adoption has been on "first-touch" capabilities like trading, custody, or issuing a stablecoin, which, according to McCain, have historically been loss leaders. However, the true opportunity lies in the utilization of these assets. A clear example is payments, where merchants typically incur 2% to 3% in fees, while stablecoin-based payments can reduce these costs and even generate yield on on-chain balances. "You transform what has traditionally been a cost into revenue," McCain explained. Some novel use cases emerge at the intersection of payments and credit, where payment providers can underwrite loans based on real-time merchant performance, enabling merchants to access financing while earning yield on incoming payments and settling instantly across borders. Although these models are still in their early stages, the foundational elements are starting to come together, according to McCain. Not every company needs to create its own stablecoin to capitalize on these benefits. While some companies, like PayPal, have launched branded tokens to control payments and margins, issuing a token requires significant investment in liquidity, compliance, and distribution. "If you only need the economic benefits, you don't need to create your own token," McCain stated. Many firms can instead integrate existing stablecoins and still benefit from lower costs and added yield. This shift may lack the publicity that comes with large firms like Western Union announcing their own token, but it has a tangible impact on business operations. Stablecoins are starting to redefine margins, unlock credit, and change how money moves globally, particularly in areas where traditional systems are costly or slow. "It may seem unexciting, but this is the underlying math," McCain noted.