Paxos Labs moved nearly $30 million between major stablecoins on Robinhood Chain (NASDAQ: $HOOD) in less than two weeks, giving the new network an early test of stablecoin infrastructure beyond trading activity.
The volume flowed through Amplify Transit, a conversion layer that went live July 1 and had processed almost $30 million by July 13
The product allows exchanges, wallets, fintechs, protocols and treasuries to move between USDC (CRYPTO: $USDC), USDG (CRYPTO: $USDG) and PYUSD (CRYPTO: $PYUSD) through a single API. Transit initially supports Ethereum and Robinhood Chain, with rates locked when a transaction is submitted and output amounts guaranteed before settlement. Platforms pay a fixed fee for each route regardless of transaction size, while conversions remain available through nights, weekends and holidays.
More From Cryptoprowl: Morpho, Jumper, Across and Arcus have selected Transit as their integration route while building on Robinhood Chain. The group gives Paxos Labs an early distribution base across lending, bridging and onchain application infrastructure as Robinhood expands its blockchain beyond tokenized trading. Paxos Labs co-founder Bhau Kotecha said stablecoin adoption has reached a point where issuance is “only the beginning.” As platforms add more dollar-backed tokens across multiple chains, moving liquidity between those assets becomes a separate infrastructure problem.