[Global] Deel launches stablecoin salary payouts

On May 20, Deel launched stablecoin salary payouts on Polygon for full-time employees. The rollout will begin with eligible users in the US and Eurozone, Yahoo reports.

It positions crypto payroll inside HR software used by global employers, rather than inside crypto-native contractor products alone.

Employees will reportedly be able to choose a stablecoin allocation from net salary after taxes and deductions, while employers keep existing payroll workflows, funding options, and compliance processes inside Deel. 

Deel currently markets fiat and crypto workforce tools to blockchain companies, including compliant payroll across 130+ countries and EOR service across 150+ countries. 

According to its crypto page, employers can fund payroll through local bank accounts or crypto wallets and allow staff to receive funds in bank accounts or crypto wallets.

Source: Yahoo

On May 20, Deel launched stablecoin salary payouts on Polygon for full-time employees. The rollout will begin with eligible users in the US and Eurozone, Yahoo reports.

It positions crypto payroll inside HR software used by global employers, rather than inside crypto-native contractor products alone.

Employees will reportedly be able to choose a stablecoin allocation from net salary after taxes and deductions, while employers keep existing payroll workflows, funding options, and compliance processes inside Deel. 

Deel currently markets fiat and crypto workforce tools to blockchain companies, including compliant payroll across 130+ countries and EOR service across 150+ countries. 

According to its crypto page, employers can fund payroll through local bank accounts or crypto wallets and allow staff to receive funds in bank accounts or crypto wallets.

Source: Yahoo