Stablecoins Can Turn Business Costs Into Revenue, Paxos Labs Cofounder Says
Stablecoins are typically associated with cryptocurrency trading, but Paxos Labs cofounder Chunda McCain sees greater commercial value in payments and treasury management. Businesses can use them to cut cross-border payment costs, improve settlement efficiency, gain access to credit and turn operating expenses into sources of revenue.
Paxos Labs has raised $12 million to develop enterprise-grade tools that help companies issue branded stablecoins and integrate digital assets into existing business processes. Reports did not disclose when the funding round closed, but McCain said stablecoin use was expanding beyond payments into credit and yield management.
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The history behind this eventStablecoins Make Inroads into Cross-Border Payments, but Corporate Adoption Remains Nascent
Stablecoins offer round-the-clock settlement through fiat-pegged assets and could reduce the costs, delays and prefunding burden associated with cross-border transfers. Citi and corporate treasury platform Stable Sea said companies are not seeking to replace the banking system. Instead, they are prioritizing specific payment corridors that are costly, slow or unreliable.
On April 9, 2026, PYMNTS interviewed Citi Head of Digital Assets Ryan Rugg and Stable Sea CEO Tanner Taddeo. The stablecoin market was worth about $315 billion at the time, but everyday consumer and commercial payments still accounted for only a single-digit share of activity. Stable Sea can provide same-day payments in more than 40 markets, although institutional transactions currently account for most of its volume.
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