Deel Partners with MoonPay for Stablecoin Salary Payouts in the UK and EU
- Deel will offer stablecoin salary payouts starting next month for workers in the UK and EU.
- The company processes $22 billion in payroll annually for over 150 million workers worldwide.
- Employees can opt to receive part or all of their salary in stablecoins via non-custodial wallets.
- MoonPay will manage the conversion and settlement of stablecoins, enhancing Deel’s payroll infrastructure.
- The US rollout is planned for a later phase, with no details on supported stablecoins yet disclosed.
This partnership highlights a growing trend towards integrating stablecoin payments into global payroll systems, aiming to reduce cross-border payment delays and fees. The collaboration also positions MoonPay as a key player in the expanding stablecoin market, which has seen significant growth following regulatory developments in the US.
With Deel processing $22 billion annually, this initiative could significantly impact how salaries are distributed globally through stablecoins. (Source)
