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

The stablecoin market, valued at $300 billion, has evolved beyond its initial purpose of facilitating rapid global transactions. Now, businesses are exploring the potential uses of these digital dollars. 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 stated in an interview with CoinDesk. Recently, Paxos Labs secured $12 million in strategic funding, led by Blockchain Capital, with participation from Robot Ventures, Maelstrom, and Uniswap. This 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 them; and Mint, which supports the creation of branded stablecoins. This suite allows firms to integrate tokens into their business and add capabilities over time. Converting Expenses into Revenue For years, enterprise crypto adoption focused on initial capabilities like trading, custody, or issuing stablecoins. However, these steps 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 incur 2% to 3% in fees, while stablecoin-based payments can reduce these costs and even generate yield on balances held on-chain. "You turn what has always been a cost into revenue," he said. Some of the more innovative use cases lie at the intersection of payments and credit. Payment providers already track merchant revenues and cash flow, which puts them in a position to underwrite loans, McCain argued. This could allow merchants to access financing based on real-time performance, while earning yield on incoming payments and settling instantly across borders. These models are still in their early stages, but the building blocks are starting to come together, he said. Not Every Company Needs Its Own Token To capture these benefits, not every firm needs to issue its own stablecoin. 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 instead integrate existing stablecoins and still benefit from lower costs and added yield. This shift may lack the hype surrounding big firms like Western Union announcing their own token, but it carries tangible impact on how businesses operate. Stablecoins are starting to redefine 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.