Deel, the global payroll platform, just teamed up with MoonPay to let workers in the UK and EU get their salaries in stablecoins. The U.S. is next on their list. Now, employees can send part or all of their pay straight to non-custodial crypto wallets.
MoonPay handles the stablecoin conversion and takes care of on-chain settlement, while Deel sticks with what it knows—payroll compliance and working with employers.
This partnership basically bolts crypto payment options onto Deel’s existing payroll system, which already moves billions every year. Fans of stablecoin payroll say it cuts out delays and slashes fees for cross-border payments, which is a big deal for people working internationally.
All of this is taking place as more institutions begin to take cryptocurrency payments seriously and stablecoins continue to gain traction. Paying employees in cryptocurrency could become commonplace for workers worldwide if the trend continues.
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