Paxos Labs launches Amplify Transit on Robinhood Chain, processing nearly $30M in volume since July 1.
DeFi & Yields ·
Paxos Labs has launched Amplify Transit, a chain-agnostic conversion layer designed to enable platforms to swap between major stablecoins at flat, predictable rates with zero slippage and around-the-clock availability. The product addresses a structural gap created as platforms increasingly support multiple stablecoins and operate across multiple chains, requiring continuous conversion of assets that arrive in different forms before they become useful for operations or settlement.
Traditional stablecoin conversion forces a choice between two approaches: decentralized exchange liquidity offers constant availability but variable pricing and slippage that grows with order size, while native mint-and-redeem conversions provide fixed pricing but are constrained by issuer capacity and limited to business hours. Amplify Transit combines fixed, guaranteed pricing with 24/7 availability through a single integration, allowing platforms to model costs before building and offer predictable customer pricing without exposing themselves to variable infrastructure costs.
Paxos Labs was incubated within Paxos, which has experience issuing stablecoins including USDG and PYUSD. A corroborating report indicates the product has processed nearly $30 million in volume on Robinhood Chain since July 1, though the full scope of deployment across chains and adoption by other platforms remains unclear.