Deel has launched stablecoin payouts.
Deel is officially letting employers pay their full-time employee salaries in stablecoins across the U.S. and EU. Companies using the platform for HR and payroll will now be able to make payouts in stablecoins like USDT and USDC, with Polygon added as a network.
According to their blog, there is an option for employees to choose to receive a portion of the overall salary over traditional rails or stablecoins. Additionally, Deel has revealed that over 10K contractors have been choosing to get paid in stablecoins over the last few months.
Earlier this year, the company had announced that it has partnered with Moonpay to support the stablecoin infrastructure integration. This builds on its partnerships with Coinbase and BVNK to support Deel’s stablecoin account funding, invoicing, and other functions for international transfers.
