Paxos Labs Cofounder Chunda McCain Says Stablecoins Help Businesses Turn Costs Into Revenue

Stablecoins are moving from “basic infrastructure” toward concrete business uses, Paxos Labs cofounder Chunda McCain told CoinDesk, arguing that firms can reshape margins by cutting costs, unlock credit, and earn yield without every company issuing its own token.

“Stablecoins can help businesses turn costs into revenue, Paxos Labs cofounder says Firms using stablecoins can reshape margins by cutting costs, unlock credit and earn yield, but not every company needs to issue a token, Paxos Labs' Chunda McCain said”

@coindesk

McCain framed the adoption path as a sequence—"The first step was getting a stablecoin" and then asking "The next question is: what now?"

@coindesk

In the same CoinDesk reporting, Paxos Labs said it raised $12 million in a strategic funding round led by Blockchain Capital, with participation from Robot Ventures, Maelstrom and Uniswap.

CoinDesk also described Paxos Labs as building a “financial utility stack” that lets companies turn digital assets into products through a single integration.

That stack is presented as the “Amplify Suite,” bundling three tools: Earn, Borrow, and Mint, with Earn offering yield on digital assets, Borrow enabling lending against them, and Mint supporting branded stablecoin issuance.

The CoinDesk account ties the shift to a change in what companies expect stablecoins to do after adoption begins, noting that McCain said, "Stablecoins [have been] loss leaders for years."

CoinDesk’s reporting connects the new stablecoin focus to payments economics, describing a model where stablecoin rails can reduce merchant fees and even generate yield on balances held onchain.

McCain told CoinDesk that merchants typically give up 2% to 3% in fees, while stablecoin rails can reduce those costs and “even generate yield on balances held onchain.”

CoinDesk

He summarized the logic as, "You turn what has always been a cost into revenue," in the CoinDesk interview.

The same CoinDesk article extends the idea beyond payments into credit, saying payment providers can track merchant revenues and cash flow and use that information to underwrite loans.

CoinDesk quotes McCain arguing that this could allow merchants to access financing based on real-time performance while earning yield on incoming payments and settling instantly across borders.

The Bitget repost similarly frames the business case around instant payments and credit, stating that merchants typically pay 2–3% in transaction fees with traditional payment methods while stablecoin transfers sharply reduce these costs.

A central theme across the CoinDesk interview and its republished versions is that not every firm needs to issue its own stablecoin to capture the benefits.

“Stablecoins can help businesses turn costs into revenue, Paxos Labs cofounder says Firms using stablecoins can reshape margins by cutting costs, unlock credit and earn yield, but not every company needs to issue a token, Paxos Labs' Chunda McCain said”

CoinDesk

CoinDesk quotes McCain saying, "If you just need the economics, you don’t need to build your own," and describes the practical burden of issuing a token as requiring significant investment in liquidity, compliance and distribution.

The CoinDesk article contrasts that with an approach where many firms integrate existing stablecoins and still benefit from lower costs and added yield.

It also notes that the shift may lack the hype when big firms like Western Union announce their own token, while still having “tangible impact on how businesses operate.”

Bitget’s repost repeats the same idea in a more direct form, quoting McCain: “If what you want is economic benefit, there’s no need to issue your own token.”

The Bitget piece adds that starting a new stablecoin is challenging because it requires liquidity, compliance, and broad distribution, and it frames the alternative as integration of existing stablecoins.

The reporting ties Paxos Labs’ business-use push to a specific funding event and a named product suite.

CoinDesk says Paxos Labs raised $12 million in a strategic funding round led by Blockchain Capital, with participation from Robot Ventures, Maelstrom and Uniswap, and it describes the lab unit as incubated under Paxos.

@coindesk

CoinDesk also identifies Paxos as the New York-based digital asset firm behind stablecoins such as PayPal's PYUSD (PYUSD) and the Global Dollar (USDG).

With the fresh funds, CoinDesk reports that Paxos Labs is building what it calls a “financial utility stack” that lets companies turn digital assets into products through a single integration.

CoinDesk’s description of the “Amplify Suite” specifies three core tools: Earn, Borrow, and Mint, with each tool tied to a function—yield, lending against digital assets, and branded stablecoin issuance.

The Bitget repost similarly states that Paxos Labs secured $12 million in fresh funding in an investment round led by Blockchain Capital, with Robot Ventures, Maelstrom, and Uniswap contributing.

While CoinDesk and Bitget focus on the business-use case and the product suite, Whalesbook and the CoinDesk “More For You” teaser introduce different emphases and additional figures.

“Paxos Labs, jo ki digital asset firm Paxos ka ek hissa hai, stablecoins ko cost center se nikal kar profit engine banane mein sabse aage hai”

Whalesbook

CoinDesk’s “More For You” section, for example, says “2026 is shaping up to be DeFi's ‘worst year in terms of hacks,’ Ledger's CTO said,” and it references “A major $292 million exploit of KelpDAO” rippling across the DeFi sector.

CoinDesk

Whalesbook, by contrast, adds a set of market and regulatory claims not present in CoinDesk’s core interview, including that stablecoin market valuation is “$300 billion” and that USDT has “59%market share” with a “market cap$185 billion.”

Whalesbook also asserts that Circle’s USDC is “($73-78 billion)” and that PayPal’s PYUSD “$4 billioncross kar chuka hai,” adding a claim that users get “4%annual yield.”

It further states that “July 2025 mein pass huaGENIUS Act” and claims it forced “US agencies ko federal framework banane par majboor kar diya hai,” and it mentions “Senate meinDigital Asset Market CLARITY Act” as being “chal raha hai.”

The Whalesbook account also includes a risk disclaimer listing “Regulatory differences, operational challenges, AML aur sanctions ka risk, reserve transparency mein gaps,” and it claims that “Market mein outflows jaise USDT ka supply drop” show investor sentiment shifts.