By Isaac • July 17, 2026 6:11 pm •
Stablecoin issuers have spent years competing to create the digital dollar that everyone will hold.
Paxos Labs is betting the bigger business may be moving between the winners.
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The company says its new Amplify Transit service moved about $30 million to and from Robinhood Chain during its first two weeks. The product converts among USDC, USDG and PYUSD, locks the output before a transaction is submitted and keeps operating outside normal banking hours.
That does not make Transit another stablecoin. It makes it a routing layer for a market that now has too many digital dollars to behave like one market.
The $30 million figure is a starting point, not a victory lap.
Paxos Labs said
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