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 their potential applications. 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 initial step was acquiring a stablecoin, and now the question is: what's next?" McCain said 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, 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 allows lending against them; and Mint, which supports the issuance of branded stablecoins. The goal is to allow firms to integrate tokens into their business and add capabilities over time. For years, enterprise crypto adoption focused on 'first-touch' 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.' The opportunity lies in how these assets are utilized. Payments are a clear example, where merchants typically incur 2% to 3% in fees, while stablecoin rails 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 novel use cases sit at the intersection of payments and credit, where payment providers can track merchant revenues and cash flow, positioning them to underwrite loans. This could allow merchants to access financing based on real-time performance, earn yield on incoming payments, and settle instantly across borders. Although 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 integrate existing stablecoins and still benefit from lower costs and added yield. The 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 where traditional systems remain costly or slow. 'It might sound boring, but this is the math,' McCain said.