Global payroll platform Deel is set to introduce stablecoin-based salary payouts for workers in the United Kingdom and European Union through a new partnership with MoonPay. The rollout, scheduled to begin next month, will allow employees to receive part or all of their wages directly in stablecoins to non-custodial crypto wallets.
Deel processes approximately 22 billion dollars in annual payroll and serves a workforce that spans more than 150 countries. By integrating MoonPay’s infrastructure, the company is adding blockchain settlement rails to its existing payroll and compliance systems. MoonPay will handle stablecoin conversion and on-chain wallet delivery, while Deel will continue managing employment contracts, tax compliance, and regulatory reporting.
Under the arrangement, employees will have the option to choose stablecoin payouts instead of traditional fiat transfers. This opt-in model gives workers flexibility, particularly those operating across borders who may face delays or additional costs through conventional banking channels. Stablecoins, which are typically pegged to the U.S. dollar, can settle transactions more quickly and with fewer intermediaries than traditional correspondent banking networks.
MoonPay brings regulatory credentials to the partnership, holding a New York BitLicense and money transmitter licenses across the United States, as well as authorization under the European Union’s Markets in Crypto Assets framework. While the companies have not disclosed which specific stablecoins will be supported, they confirmed that a United States expansion is planned in a later phase, subject to additional regulatory steps.
The announcement reflects a broader trend of integrating stablecoins into everyday financial use cases. Advocates argue that payroll distribution represents one of the most practical applications for blockchain-based payments, especially for global contractors and remote workers who often face cross-border settlement friction.
The stablecoin market itself has expanded rapidly over the past year. Since the introduction of federal legislation in the United States outlining reserve and disclosure standards for payment stablecoins, several new issuers have entered the market. However, the sector remains concentrated, with Tether’s USDT and Circle’s USDC accounting for the majority of global stablecoin supply.
Traditional financial institutions are also exploring entry into the space, following regulatory proposals that outline how bank subsidiaries could issue compliant payment stablecoins. This competitive landscape underscores growing recognition that tokenized dollars may play a larger role in global money movement.
For Deel, the integration adds to its existing crypto payout capabilities and positions the company at the intersection of payroll technology and digital assets. As remote work continues to expand and global employment models evolve, stablecoin salary options may become an increasingly common feature of cross border compensation.
