Deel partners with MoonPay… Rolls out stablecoin payroll payouts in the UK and EU

YM Lee

Summary

Deel said it has partnered with MoonPay to roll out stablecoin-based salary payments for workers in the UK and the EU.
Under the partnership, workers can receive stablecoins directly into non-custodial wallets, while MoonPay will handle fiat-to-stablecoin conversion and on-chain settlement.
The announcement comes as the US dollar-linked stablecoin market grows, with a concentrated structure in which USDT and USDC account for most of the market capitalization.

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Global payroll management platform Deel has partnered with MoonPay to introduce stablecoin-based salary payments for workers in the UK and the European Union (EU).

According to Cointelegraph on the 11th (local time), starting next month Deel plans to allow workers in the UK and EU to receive part or all of their pay in stablecoins. An expansion into the US market will be pursued gradually at a later stage.

With the integration, workers can receive stablecoins directly into non-custodial crypto wallets. MoonPay will handle conversion from fiat currency to stablecoins and on-chain settlement, while Deel will maintain its existing payroll processing and compliance framework.

Deel has previously said that as of October last year it processes annual payroll totaling $22 billion for more than 150 million workers worldwide. The partnership effectively adds crypto payment rails to existing payroll infrastructure.

JP Richardson, co-founder and CEO of Exodus, wrote on X: "You can’t onboard the world to crypto with white papers. You have to do it with payroll," adding that "stablecoin payroll can reduce cross-border remittance delays and intermediary fees for global workers."

MoonPay holds a New York BitLicense and US money-transmitter licenses, and has also received authorization under the EU’s Markets in Crypto-Assets (MiCA) framework. However, details such as which stablecoins will be supported, the size of the initial participant group, and the US launch timeline were not disclosed.

The announcement comes as the US dollar-pegged stablecoin market expands rapidly. Since the US Congress established a regulatory framework for payment stablecoins through the GENIUS Act in July 2025, a range of companies and institutions have moved to issue regulated stablecoins.

Currently, the stablecoin market remains concentrated among a handful of players: Tether’s US dollar stablecoin USDT accounts for about 60% of total market capitalization, while Circle’s US dollar stablecoin USDC holds about 24%.