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

The $300 billion stablecoin market has evolved beyond its initial purpose of facilitating rapid global transactions, with businesses now exploring more practical applications. This shift is driving a new wave of adoption, says Chunda McCain, co-founder of Paxos Labs, as the industry transitions from basic infrastructure to tangible business use cases. "The initial step was adopting a stablecoin, and now the question is, what's next?" McCain stated in an interview with CoinDesk. Paxos Labs recently secured $12 million in strategic funding, led by Blockchain Capital, to develop a 'financial utility stack' enabling companies to integrate digital assets into their products through a single integration. The newly launched Amplify Suite offers three core tools: Earn, for yield generation on digital assets; Borrow, for lending against these assets; 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 initial 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 noted. However, the opportunity lies in how these assets are utilized. Payments are a clear example, as merchants typically forfeit 2% to 3% in fees, while stablecoin rails can reduce these costs and even generate yield on balances held on-chain. "You transform what has always been a cost into revenue," McCain explained. Some novel 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 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, he said. To capture these benefits, not every firm needs 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 launching their own tokens, 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.