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

The $300 billion stablecoin market has evolved from its initial purpose of facilitating rapid global transactions to a more complex landscape where businesses are now exploring the potential uses of these digital assets. This shift is driving a new wave of adoption, with the industry transitioning from basic infrastructure development to practical business applications, according to Chunda McCain, co-founder of Paxos Labs. In a recent interview with CoinDesk, McCain noted that the initial focus on acquiring stablecoins has given way to a new question: 'What's next?' Paxos Labs recently secured $12 million in strategic funding, led by Blockchain Capital and participated in by Robot Ventures, Maelstrom, and Uniswap, to develop a 'financial utility stack' that enables companies to convert digital assets into products through a single integration. The company's newly launched Amplify Suite offers a bundle of three core tools: Earn, which provides yield on digital assets; Borrow, which facilitates lending against these assets; and Mint, which supports the issuance of branded stablecoins. The goal is to allow firms to integrate tokens into their business and gradually add more capabilities over time. For years, the adoption of enterprise crypto has focused on 'first-touch' capabilities such as trading, custody, or issuing stablecoins, which, although opening doors, rarely generated returns on their own, according to McCain. The opportunity lies in how these assets are utilized, with payments being a prime example: merchants typically incur 2% to 3% in fees, while stablecoin rails can reduce these costs and even generate yield on balances held on-chain. This effectively turns a traditional cost into a revenue stream. Some novel use cases emerge at the intersection of payments and credit, where payment providers can leverage their insights into merchant revenues and cash flow to 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, McCain stated. Not every company needs its own stablecoin to capture these benefits, as issuing one requires significant investment in liquidity, compliance, and distribution. While some companies, like PayPal, have launched branded tokens to control payments and margins, 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 announcing their own tokens, but it has a tangible impact on how businesses operate, with stablecoins starting to reshape margins, unlock credit, and change how money moves globally, especially in areas where traditional systems are costly or slow.