Global payroll provider Deel will begin offering stablecoin salary payouts to workers in the United Kingdom and European Union through a partnership with MoonPay. The rollout is scheduled to begin next month, with a US expansion planned at a later stage. Employees will be able to opt to receive part or all of their wages in stablecoins sent directly to non-custodial crypto wallets.
Deel, which processes roughly $22 billion in annual payroll, will integrate MoonPay’s infrastructure to handle stablecoin conversion and onchain settlement. Deel will continue managing payroll operations and compliance, while MoonPay facilitates the crypto transaction layer. The companies did not disclose which stablecoins will be supported or provide a timeline for the US launch.
The move comes as competition intensifies in the stablecoin market following new US regulatory frameworks and Europe’s MiCA regime. While dollar-pegged tokens remain concentrated among a few issuers, enterprise integrations such as payroll distribution represent a potential expansion of real-world use cases beyond trading and remittances.
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