Chunda McCain, co-founder of Paxos Labs, stated that stablecoins are evolving from merely facilitating transactions to generating business value. With $12 million in new funding, Paxos Labs is creating a 'financial utility stack' designed to help firms utilize stablecoins effectively. This stack includes tools for earning yield on digital assets, borrowing against them, and issuing branded stablecoins. McCain noted that businesses can significantly cut payment costs, which typically range from 2% to 3%, by using stablecoins, effectively turning costs into revenue. The trend is moving towards practical applications, as companies explore how to leverage stablecoins for credit and payment efficiencies. Importantly, not every business needs to create its own stablecoin; many can benefit from existing stablecoins to enhance their financial operations. This shift could lead to substantial changes in how money moves globally, especially in areas where traditional financial systems are inefficient.