Deel launches its own stablecoin and wallet.
Deel has officially launched a number of stablecoin-related products for global contractors to be able to better manage their payments. As part of this, the company has unveiled its own stablecoin wallet and DLUSD stablecoin. Contractors in LATAM are now able to hold, earn, and spend their stablecoin balances.
This is made possible with partnerships in the industry, as the infrastructure is provided by the Bridge / Privy tag-team, as well as Morpho and Sentora for the onchain earning opportunities.
Another big move for the global payroll and HR platform.
Earlier on, the company had launched stablecoin payouts for employees in the UK and EU, and now is expanding to accommodate a large portion of its end-users: contractors.

