Stabledash Live · · 25 min

Paxos Labs on Amplify Transit, the New Stablecoin Movement Layer

With Bhau Kotecha

Key takeaways

  • Paxos Labs's Amplify Transit has moved about $35 million in volume, largely between Ethereum and Robinhood Chain, in about two weeks since launch, Kotecha says.

  • Amplify Transit converts between stablecoins including USDG, PYUSD and USDC at a fixed rate with no slippage, whether the ticket is $5 or $50 million.

  • Kotecha expects tokenized real-world assets to be the next big wave after stablecoins, and says Paxos Labs sees interest in gold-denominated products.

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Summary

Co-founder Bhau Kotecha argues that issuing stablecoins is largely a solved problem and that moving them is the infrastructure challenge that scales next.

Paxos Labs's stablecoin movement product, Amplify Transit, has handled about $35 million in volume in its first two weeks, co-founder Bhau Kotecha says. That volume ran largely between Ethereum and Robinhood Chain. Transit launched July 14, 2026 and was live on Robinhood Chain from day zero.

From issuance to movement

Kotecha spun Paxos Labs out of Paxos in 2025 to build a software layer on top of regulated issuance. In his view, issuance was only the beginning, and movement is the infrastructure problem that scales next. "Infrastructure is miles ahead of where it was before. The regulatory clarity is there," he says of issuance.

He also says no single company can build a stablecoin network on its own: "I don't think any company can really go it fully alone at this point."

“If you wanna build a successful crypto ecosystem today, you have to take a barbell approach. You almost need to take, like, a strategy for the on chain degens and have, like, a great KerpStex and have, like, a meme coin launchpad. And then on the other side, you need to have, like, a mobile app, very smooth, very clean experience”
Bhau Kotecha

How Transit works

Amplify Transit converts between major stablecoins within and across chains through one integration, at a fixed rate with no slippage or variable pricing, whether the ticket is $5 or $50 million. The supported set today includes USDG, PYUSD and USDC. The rate is locked before submission, and conversion runs 24/7, including nights, weekends and holidays.

Kotecha describes Transit as issuer-agnostic and not built only for Paxos or Paxos Labs stablecoins. He says it nets directional flows to find the most efficient settlement and pass the savings back to customers.

Partners and Robinhood Chain

Morpho, Jumper, Across and Arcus are building access to Robinhood Chain through Transit. Kotecha says some routes on Jumper already show "powered by Paxos Labs Transit."

He credits Robinhood with starting from distribution and working out the technology and infrastructure stack after that. He adds that a successful crypto ecosystem today needs a barbell approach: tools for on-chain power users on one side, and a smooth, clean mobile app on the other.

Higher standards, next wave

Kotecha says large platforms are bringing a new level of rigor to crypto infrastructure, as builders now plan around compliance and security requirements. Looking ahead, he expects real-world assets to be the next big wave, calling stablecoins perhaps the first RWA to gain traction. He also points to interest in gold-denominated products as volatility varies across the world.

Taken together, Kotecha is betting that stablecoins will now compete on how easily they move rather than on who issues them. Paxos Labs is pitching an issuer-agnostic, fixed-rate routing layer, and the first test is the volume it is carrying onto Robinhood Chain.

Robinhood, Paxos Labs, Across, and Kraken come up most.

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