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. What to know : Stablecoins are entering a new phase in which companies focus less on basic infrastructure and more on concrete business uses, such as yield and credit, Paxos Labs cofounder Chunda McCain said in an interview. Businesses can tap lower payment costs and new revenue streams by using stablecoins, but not every company needs its own token capture those benefits, he added. Paxos Labs raised $12 million to build a utility stack that lets firms earn yield, borrow against digital assets and issue branded stablecoins.