2025-06-27
Chain Exploration”The Era of “Stablecoin as a Service” Has Begun! Can Paxos Labs, the “Stablecoin Factory,” Shake the Dominance of USDT and USDC? “
Paxos Labs’ entry signals that traditional institutions, crypto firms, and banks will all compete for stablecoin profits—earning interest while boosting valuations with growth stories. Yet ‘stablecoins’ may not be stable: regulatory shifts, money laundering risks, black swan de-pegs—dangers abound. Ultimately, ordinary users could bear the costs.
