How Stablecoins Can Transform Business Expenses into Revenue Streams

The $300 billion stablecoin market has evolved beyond its initial purpose of facilitating rapid global transactions, with businesses now exploring their broader applications. This shift is driving a new wave of adoption, as the industry transitions from basic infrastructure development to practical business use cases, according to Chunda McCain, co-founder of Paxos Labs. In a recent interview with CoinDesk, McCain noted that the initial focus on establishing stablecoins has given way to a new question: what's next? Paxos Labs, a subsidiary of Paxos, the New York-based digital asset firm behind popular stablecoins like PayPal's PYUSD and the Global Dollar, has secured $12 million in strategic funding to develop a 'financial utility stack' that enables companies to integrate digital assets into their products through a single integration. The Amplify Suite, launched by Paxos Labs, offers three core tools: Earn, which provides yield on digital assets; Borrow, which allows lending against them; and Mint, which supports the creation of branded stablecoins. This suite is designed to allow firms to integrate tokens into their business and then add capabilities over time. For years, enterprise crypto adoption has focused on 'first-touch' capabilities like trading, custody, or issuing stablecoins, which, although opening doors, rarely generated returns on their own. However, the true opportunity lies in how these assets are utilized. Payments are a prime example, where merchants typically incur 2% to 3% in fees, while stablecoin-based payments can reduce these costs and even generate yield on on-chain balances. 'You turn what has always been a cost into revenue,' McCain explained. Some novel use cases emerge 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, according to McCain. Not every company needs its own stablecoin to capture these benefits. While some 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 stated. 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 has a tangible impact on how businesses operate. Stablecoins are starting to reshape margins, unlock credit, and change how money moves globally, especially in areas where traditional systems are costly or slow. 'It might sound boring, but this is the math,' McCain said.