Stablecoins Can Revolutionize Business Operations by Converting Expenses into Revenue, 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 the potential applications of these digital assets. 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 use cases. "The first step was to create a stablecoin, and now the question is: what's next?" McCain said in an interview. Paxos Labs recently secured $12 million in strategic funding, which will be used to develop a 'financial utility stack' that enables companies to integrate digital assets into their products through a single integration. The newly launched Amplify Suite offers three core tools: Earn, Borrow, and Mint, designed to help firms integrate tokens into their business and build upon those capabilities over time. For years, enterprise crypto adoption focused on initial capabilities like trading, custody, or issuing a stablecoin, but these steps rarely generated returns on their own, according to McCain. "Stablecoins have been loss leaders for years," he said. However, the opportunity lies in how these assets are utilized. Payments are a clear example, as merchants typically incur 2% to 3% fees, while stablecoin rails can reduce these costs and even generate yields on balances held on-chain. "You turn what has always been a cost into revenue," he said. Some of the more innovative use cases are 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 yields on incoming payments and settling instantly across borders. While not every firm needs its own stablecoin, companies like PayPal have launched branded tokens to control payments and margins. However, issuing a token 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 yields. The shift may lack hype, but it carries tangible impact on how businesses operate. Stablecoins are starting to reshape 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.