
Tether expands stablecoin payroll services
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- Tether is expanding its USAT payroll platform for businesses.
- The company said the service targets the global payroll market worth about US$11 trillion.
- Tether aims to increase stablecoin use for salary payments and cross-border transfers.
Tether (CRYPTO:USDT) is expanding its USAT payroll platform to help businesses pay employees using stablecoins.
The company said the service targets the global payroll market, which it estimates is worth about US$11 trillion each year.
"Payroll is one of the largest real-world uses for stablecoins," Tether said.
The platform allows employers to make salary payments using stablecoins while supporting cross-border transactions.
Tether said the service could reduce payment costs and improve settlement times for international payroll.
The company continues expanding stablecoin services beyond crypto trading into payments, finance and business operations.