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

The $300 billion stablecoin market has evolved beyond its initial purpose of facilitating faster cross-border transactions, with companies now exploring the potential applications of these digital assets. This shift is driving a new wave of adoption, as the industry transitions from building basic infrastructure to developing practical business use cases, according to Chunda McCain, co-founder of Paxos Labs. In a recent interview with CoinDesk, McCain stated that the initial focus on creating stablecoins has given way to a new question: what can be done with them now? 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 raised $12 million in a strategic funding round led by Blockchain Capital. The company is utilizing these funds to develop a 'financial utility stack' that enables businesses 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. The goal is to allow companies to integrate tokens into their business and then add capabilities over time. For years, enterprise crypto adoption has focused on 'first-touch' capabilities such as trading, custody, or issuing stablecoins, which have rarely generated returns on their own. However, the opportunity lies in how these assets are utilized. Payments are a prime example, as merchants typically incur fees of 2-3%, while stablecoin-based payments can reduce these costs and even generate revenue on balances held on-chain. This can effectively turn a cost into a revenue stream. Some innovative use cases exist at the intersection of payments and credit, where payment providers can underwrite loans based on real-time merchant performance, allowing merchants to access financing while earning revenue on incoming payments and settling transactions instantly across borders. While some companies, like PayPal, have launched their own branded tokens to control payments and margins, not all businesses require their own stablecoin to capture these benefits. Many firms can integrate existing stablecoins and still benefit from lower costs and added revenue. This shift may lack the hype surrounding big firms launching their own tokens, but it has a tangible impact on how businesses operate, as stablecoins begin to reshape financial margins, unlock credit, and change the way money moves globally, particularly in areas where traditional systems are costly or slow.