HR platform Deel announced the launch of an initiative that will allow payroll payments to employees in the United Kingdom and European Union countries in stablecoins.
Global HR platform Deel, which specializes in hiring, onboarding, payroll, and regulatory compliance for working with international employees and contractors, partnered with FinTech company MoonPay. The collaboration will enable employees to receive part or all of their salary in stablecoins directly to non-custodial crypto wallets.
MoonPay will handle the conversion and on-chain delivery of funds, while Deel will retain control over payroll processing and regulatory compliance. Under the new option, employees will be able to voluntarily choose to receive compensation in stablecoins instead of local currency.
The companies didn’t specify which tokens will be supported for payments, nor whether the new option will be available to all Deel users. The team only confirmed that the service will be available for employees in the U.K. and EU starting March 2026. The next stage of the initiative will involve entering the U.S. market, although no exact timeline or details for the second phase were provided.
Deel processes approximately $22 billion in payroll annually. According to the company, its infrastructure covers over 150 million workers in more than 150 countries.
MoonPay holds money transfer operator licenses in several U.S. states and authorization under the European MiCA regulation.
The launch comes amid rapid growth in the stablecoin market. The sector’s total capitalization exceeds $309 billion, with around 97% accounted for by dollar-pegged stablecoins. Analysts say that stablecoins are gradually becoming part of the global payment infrastructure, bridging digital and traditional finance. Annual stablecoin payment volumes reach approximately $390 billion.
