Stablecoins, the $300 billion class of digital dollars, may have started as a faster way to move money across the globe, but companies are now asking a different question: what can they actually do with them? That shift is driving a new phase of adoption, according to Chunda McCain, co-founder of Paxos Labs, who says the industry is moving beyond basic infrastructure toward real business use cases. "The first step was getting a stablecoin," McCain said in an interview with CoinDesk. "The next question is: what now?" Last week, Paxos Labs underscored that direction by raising $12 million in a strategic funding round led by Blockchain Capital, with participation from Robot Ventures, Maelstrom and Uniswap. The lab unit was incubated under Paxos, the New York-based digital asset firm behind popular stablecoins such as PayPal's PYUSD (PYUSD) and the Global Dollar (USDG). Paxos itself builds stablecoins and the immediate underlying infrastructure, while Paxos Labs intends to build tooling for further use of those stablecoins. With the fresh funds, Paxos Labs is building what it calls a "financial utility stack" that lets companies turn digital assets into products through a single integration. Its newly launched Amplify Suite bundles three core tools: Earn, which offers yield on digital assets; Borrow, which enables lending against them; and Mint, which supports branded stablecoin issuance. The idea behind that is to let firms integrate tokens into a business, then layer on capabilities over time. For years, enterprise crypto adoption focused on “first-touch” capabilities like trading, custody or issuing a stablecoin. Those steps opened the door but rarely generated returns on their own, according to McCain "Stablecoins [have been] loss leaders for years," he said.