The stablecoin market, long associated with swift and low-cost money transfers, is rapidly evolving beyond its original remit. Industry leaders have recently started exploring how these digital dollars can serve wider, more transformative roles. Chunda McCain, a co-founder of Paxos Labs, considered among the change-makers in the sector, notes that the industry is now moving past basic infrastructure and beginning to focus on real-world business models.
Paxos Labs sets sights on business-driven digital assets
Last week, Paxos Labs secured $12 million in fresh funding in an investment round led by Blockchain Capital. Notable contributors included Robot Ventures, Maelstrom, and Uniswap. Founded in New York City in 2012, Paxos is well known in crypto for powering stablecoins such as PayPal’s PYUSD and Global Dollar. Paxos Labs acts as the innovation and business core of the company, currently channeling its new resources toward building a “financial solutions layer” that turns digital assets into usable business products.
Their recently launched product suite, Amplify Suite, brings together three core tools on a single platform. “Earn” enables income generation from crypto assets, “Borrow” offers businesses loans using digital assets as collateral, and “Mint” supports branded stablecoin issuance. This modular approach lets companies tailor digital asset functions directly into their processes over time.
Cutting business costs with instant payments and credit
For years, institutional crypto adoption focused on digital asset trading, custody, and issuing stablecoins. Yet, most companies have not directly benefited economically from these steps, as McCain reflects:
“Stablecoins had to be used at a loss for a long time.”
Stablecoins offer compelling advantages in payments. Merchants typically pay 2–3% in transaction fees with traditional payment methods, while stablecoin transfers sharply reduce these costs. Furthermore, businesses can earn additional returns on blockchain-held balances.
More innovative models are also gaining ground. According to McCain, payment providers can now monitor business revenue streams and use this data to build credit scores. This opens the door for enterprises to access financing based on real-time payment performance and to manage international transactions with increased speed. While these concepts are still nascent, the industry is beginning to lay the groundwork for broader adoption.
Not every business needs its own token
Many companies hope to launch their own tokens to control payment flows or boost profits. However, starting a new stablecoin is challenging, requiring liquidity, compliance, and broad distribution. In reality, most businesses can simply integrate existing stablecoins to realize lower transaction costs and new sources of revenue.
McCain emphasizes, “If what you want is economic benefit, there’s no need to issue your own token.” While the industry is warming to this pragmatic approach, the lack of splashy, large-scale announcements has somewhat dampened excitement in the public sphere.
Still, stablecoin technology is beginning to reshape business margins, unlock new credit models, and speed up capital flows. Interest in these solutions is growing, particularly in regions where traditional payment rails remain costly or sluggish.
“It may not sound thrilling, but the real value is in the numbers,” McCain points out, highlighting how this industry transformation often unfolds quietly behind the scenes.
