Deel has partnered with MoonPay to introduce stablecoin-based salary payments for workers worldwide.
This initiative is scheduled to roll out in the UK and EU next month, followed by a second phase of expansion into the US.
Under this partnership, Deel users can choose to receive their salaries in stablecoins, directly deposited into non-custodial wallets. MoonPay will manage the conversion process and wallet delivery infrastructure needed for these transactions.
The collaboration builds on Deel’s ongoing efforts to integrate digital asset payment options within its platform, which caters to companies employing workers across multiple jurisdictions.
Technical Aspects and Implementation
MoonPay’s infrastructure is expected to facilitate the necessary conversion and payout mechanisms for compliant stablecoin salary payments. This system aims to allow workers to access their earnings via digital wallets, bypassing traditional banking intermediaries during the initial payment step.
The phased rollout reflects considerations of regulatory compliance and operational logistics across different markets. Initially, workers in the UK and EU will benefit, with US employees set to follow at a later stage. The exact timeline for the US expansion has yet to be announced.
Stablecoin salary payments offer several advantages over traditional international transfers. Stablecoins typically settle within minutes compared to the days required by conventional methods. In regions facing currency volatility or inflation, stablecoins pegged to major currencies may provide workers with more consistent purchasing power. Additionally, digital wallets created without a traditional bank account can extend payment access to those who lack conventional banking infrastructure.
Deel’s platform currently supports companies employing and managing workers in over 150 countries. The inclusion of stablecoin payment options further diversifies the platform’s existing methods, which include traditional bank transfers and other digital payment systems.
MoonPay’s technology was designed to support enterprise-grade stablecoin payouts, including necessary compliance frameworks for salary payments across various regulatory environments. The company’s infrastructure is integrated into several financial and commerce platforms that aim to incorporate digital asset capabilities.
As employers increasingly seek alternative payment methods for globally distributed teams, the adoption of stablecoins in payroll remains limited but interest has grown alongside broader developments in digital asset infrastructure.
