Global payroll platform Deel will begin offering stablecoin salary payouts in the United Kingdom and European Union through a partnership with MoonPay, with a US rollout planned later.
The integration will allow workers to receive part or all of their wages directly in stablecoins to non-custodial crypto wallets, while MoonPay manages conversion and onchain settlement and Deel maintains payroll and compliance operations.
“You don’t bring the world into crypto with whitepapers. You do it with paychecks,”
Said Exodus co-founder and CEO, JP Richardson.
Deel, which processes $22 billion in payroll annually worldwide, said the move adds crypto settlement rails to its existing infrastructure, though the companies did not disclose which stablecoins will be supported or how many users are expected to opt in.
MoonPay, which holds a New York BitLicense and authorisation under the European Union’s Markets in Crypto Assets framework, expands its enterprise footprint through the partnership, and following the announcement the Deel share price was unchanged at $XX.
The rollout comes as the US dollar-pegged stablecoin market expands rapidly following the passage of the GENIUS Act in July 2025, prompting new entrants including World Liberty Financial’s USD1 and Wyoming’s state-issued Frontier Stable Token.
Despite growing competition, the market remains concentrated, with Tether’s USDt accounting for roughly 60% of total stablecoin market capitalisation and Circle’s USDC representing about 24%, according to DefiLlama data.