Paxos Labs Launches Amplify Transit Stablecoin Platform, Completes $30M in Transfers Since July 1

According to Foresight News, Paxos Labs launched Amplify Transit on July 1, a cross-chain stablecoin trading platform that enables platforms, protocols, and treasuries to convert between major stablecoins across different blockchains at predictable fees and locked exchange rates. The platform has completed nearly $30 million in transfers on Robinhood Chain since its launch.

Amplify Transit supports conversions between USDC, USDG, and PYUSD through a single API integration. Designed to be blockchain-agnostic, it initially supports stablecoin transfers between Ethereum and Robinhood Chain. Protocols including Morpho, Jumper, Across, and Arcus have adopted Amplify Transit for integration.