Deel Expands Access to Stablecoin Salary Payouts for Global Employees

Deel, a leading global HR platform, has made a significant move in the world of crypto payroll by launching stablecoin salary payouts on Polygon for its 40,000+ customers. This innovation allows employees to choose a stablecoin allocation from their net salary after taxes and deductions, making it possible for them to receive part of their pay in digital dollars.

The rollout of stablecoin payroll is a major breakthrough as it brings this functionality into mainstream HR software, expanding access and usability of digital dollars in the workforce. Deel's platform is used by employers across 150+ countries, with more than $20 billion in processed global payroll, making it a significant player in the market.

The launch of stablecoin payroll is not without competition, as other players such as Toku, Rise, and Bitwage have already made significant strides in this area. However, Deel's advantage lies in its distribution, reaching HR, legal, and finance teams within companies that are already using its software.