MoonPay and Deel Partner to Enable Stablecoin Payroll Globally

stock image

MoonPay, a global leader in crypto payments and stablecoin infrastructure, has announced a strategic partnership with Deel, a widely used global payroll and HR platform, to enable stablecoin salary payments for workers worldwide. The collaboration aims to modernize payroll by offering employees a faster, more flexible way to receive their earnings using digital assets. By integrating MoonPay’s stablecoin conversion and payout technology, Deel will allow workers to receive salary payments directly into their personal crypto wallets, expanding payment options beyond traditional banking systems.

Financial  Technology Insights: FMG Appoints Matt Newman as CRO to Drive AI Growth Strategy

Deel’s platform is already used by companies around the world to hire, manage, and pay employees across borders. With this partnership, Deel is strengthening its crypto-enabled payroll capabilities by incorporating MoonPay’s secure infrastructure to support compliant and efficient stablecoin payouts. The rollout will begin next month with workers in the United Kingdom and European Union, followed by expansion into the United States. This phased approach will help ensure smooth adoption while meeting regulatory and operational requirements.

Stablecoin payroll offers several important advantages, particularly for global and remote workers. Unlike traditional bank transfers, which can take several days to process, stablecoin payments can be completed almost instantly. This allows employees to access their earnings faster and manage their finances more efficiently. Stablecoins also provide greater stability compared to other cryptocurrencies, helping protect earnings from volatility while offering an alternative for workers in regions with limited banking access or high inflation.

Financial  Technology Insights: Broadridge to Acquire CQG to Expand Global Trading Tech

MoonPay CEO Ivan Soto-Wright emphasized that the partnership represents a major milestone in bringing digital assets into everyday financial use cases. He noted that stablecoin payroll is an important step toward integrating blockchain technology into mainstream financial services. Deel’s Head of Crypto, Thierry Edde, also highlighted the company’s commitment to providing workers with flexible payment options, allowing them to receive their earnings in ways that best suit their needs.

MoonPay will handle the backend infrastructure required for stablecoin payroll, including currency conversion, secure wallet delivery, and off-ramp services that allow users to convert stablecoins into local currency when needed. This end-to-end solution ensures that stablecoin salary payments are both accessible and practical for everyday use.

Financial  Technology Insights: Integrity Appoints Chris Cassidy as SVP to Lead Wealth Growth

As global workforces become increasingly distributed, the demand for faster and more flexible payroll solutions continues to grow. The partnership between MoonPay and Deel reflects a broader shift toward digital payment systems that offer greater efficiency, accessibility, and financial control. By enabling stablecoin salary payments, both companies are helping shape the future of payroll and expanding the role of blockchain technology in global financial services.

To share your insights with the FinTech Newsroom, please write to us at info@intentamplify.com

Share With
Contact Us