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

The $300 billion stablecoin market, initially designed for faster global transactions, is now being explored by companies for its potential uses. This shift is driving a new wave of adoption, as stated by Chunda McCain, co-founder of Paxos Labs, who believes the industry is transitioning from basic infrastructure to practical business applications. "The initial step was obtaining a stablecoin. The next question is: what now?" McCain said in an interview with CoinDesk. Last week, Paxos Labs raised $12 million in strategic funding, led by Blockchain Capital, to build a 'financial utility stack' that enables companies to create products from digital assets through a single integration. The newly launched Amplify Suite offers three core tools: Earn, for generating yield on digital assets; Borrow, for lending against them; and Mint, for supporting branded stablecoin issuance. This allows firms to integrate tokens into their business and add capabilities over time. For years, enterprise crypto adoption focused on 'first-touch' capabilities like trading, custody, or issuing a stablecoin, which rarely generated returns on their own, according to McCain. "Stablecoins have been loss leaders for years," he said. The opportunity lies in how these assets are utilized. Payments are a clear example: merchants typically give up 2% to 3% in fees, while stablecoin rails can reduce costs and generate yield on balances held on-chain. "You turn what has always been a cost into revenue," he said. Some novel use cases lie at the intersection of payments and credit. Payment providers track merchant revenues and cash flow, positioning them to underwrite loans, McCain argued. This could allow merchants to access financing based on real-time performance, earn yield on incoming payments, and settle instantly across borders. These models are still early, but the building blocks are coming together, he said. Not every firm needs its own token to capture these benefits. While companies like PayPal have launched branded tokens to control payments and margins, issuing one requires significant investment in liquidity, compliance, and distribution. "If you just need the economics, you don’t need to build your own," McCain said. Many firms can integrate existing stablecoins and still benefit from lower costs and added yield. The shift may lack the hype when big firms like Western Union announce their own token, but it carries tangible impact on how businesses operate. Stablecoins are starting to reshape margins, unlock credit, and change how money moves globally, especially where traditional systems remain costly or slow. "It might sound boring, but this is the math," McCain said.