MoonPay, a crypto payments and stablecoin infrastructure provider, has entered into a partnership with global payroll and HR platform Deel to let workers receive part or all of their salary in stablecoins, widening payout options for distributed teams.
The companies say the tie-up is aimed at speeding up cross-border payments and giving employees more choice over how they access their earnings, as more firms hire staff and contractors across multiple jurisdictions.
Partnership targets crypto-enabled global payroll
Under the partnership, Deel will integrate MoonPay’s stablecoin conversion and payout tools into its existing payroll platform. That will allow Deel to support compliant salary payments directly to users’ non-custodial crypto wallets, building on its expansion into crypto-enabled payroll.
Deel, which markets itself as an all-in-one solution to hire, manage, pay, and equip workers anywhere in the world, already helps companies navigate local compliance and payroll rules, and with this partnership it aims to add a crypto layer on top of that infrastructure, giving users the option to receive stablecoin payouts instead of relying solely on traditional bank transfers.
Rollout starts in Europe before expanding to the US
The rollout is scheduled to begin next month, initially covering workers based in the United Kingdom and European Union, with a second phase planned for the United States.
“Deel is transforming global payroll for the modern workforce, and MoonPay is proud to support their mission with enterprise-grade stablecoin payouts,” Ivan Soto-Wright, MoonPay’s chief executive and founder, said in a statement, calling the partnership a step toward applying digital assets to everyday financial use cases such as salary payments.
Thierry Edde, head of crypto at Deel, said the company’s goal is to maximize flexibility for people working across borders, and that integrating MoonPay’s infrastructure is part of that strategy.
Stablecoin salaries as an alternative to bank transfers
Once the service is live, Deel users who opt in will be able to receive salary payments in stablecoins rather than, or alongside, conventional fiat transfers, with MoonPay handling the conversion of funds, delivery of tokens to crypto wallets, and off-ramp options for moving back into traditional currencies if they wish.
The companies say this offers a modern alternative to standard cross-border transfers, promising near-instant settlement compared with traditional banking rails while also helping preserve value in countries suffering from high inflation and providing a payment channel for workers who do not have reliable access to local banking services.
