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

What Happened

Paxos Labs raised $12 million to develop tools that help businesses leverage stablecoins beyond basic payments. The funding, led by Blockchain Capital, supports Paxos Labs' new Amplify Suite featuring Earn, Borrow, and Mint capabilities. The initiative aims to enable companies to integrate digital assets into products and generate revenue.

Key Entities

AI Tools