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