---
title: "Stablecoins can help businesses turn costs into revenue, Paxos Labs cofounder says"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283259925.md"
description: "Paxos Labs cofounder Chunda McCain stated that stablecoins are evolving, with businesses now focusing on practical applications like yield and credit rather than just infrastructure. Companies can reduce payment costs and create new revenue streams through stablecoins, although not all need their own tokens. Paxos Labs has raised $12 million to develop a utility stack enabling firms to earn yield, borrow against digital assets, and issue branded stablecoins."
datetime: "2026-04-19T16:15:14.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283259925.md)
  - [en](https://longbridge.com/en/news/283259925.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283259925.md)
---

# Stablecoins can help businesses turn costs into revenue, Paxos Labs cofounder says

-   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.

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