$35 million in stablecoin volume moved through Paxos Labs Transit in two weeks, largely between Ethereum and Robinhood Chain, says
@bhau___ at
@paxoslabs
"When you're an enterprise, when you're building an ecosystem around stablecoins, you can't really tolerate this completely variable pricing. Sometimes it works, sometimes it doesn't."
Transit gives enterprises a single API with fixed pricing on cross-chain stablecoin routes, and
@RobinhoodApp was the first customer.
"If you're launching a new fintech app, you're launching a new chain like Robinhood just did. You're launching any ecosystem that's built around stablecoins. One of the first problems you need to solve is how do I accept dollars into my ecosystem and how do I do it in a predictable way that works for my enterprise."