MoonPay, a leading player in the financial technology sector, has announced a partnership that could enable approximately 40,000 businesses to streamline their payroll processes through stablecoin transactions. In a recent statement, the firm highlighted its collaboration with Deel, a prominent payroll and human resources platform, facilitated by its fiat infrastructure division, Iron. This partnership is set to allow companies to pay employees directly in stablecoins that will be transferred to their digital wallets.
The initial rollout of this service is planned for the UK and the EU, with MoonPay indicating intentions to extend its reach into the US market as well. Max von Wallenberg, the Founder and CEO of Iron, commented on this development in a social media post, noting that Deel would leverage Iron’s system to enhance payroll services through stablecoins. He emphasized the extent of Deel’s operations, revealing that the platform managed $22 billion in global payroll in 2025 and is increasingly moving toward cryptocurrency-based solutions.
Deel has been involved with digital assets since 2021 when it began offering payroll options in cryptocurrencies such as USDC and Solana. This shift has proven financially beneficial; the firm successfully raised $425 million in a Series D funding round shortly after launching its crypto payroll options. Notably, Deel has also experimented with Bitcoin, ether, and XRP as potential salary payment options. However, employees need to register with Coinbase, a regulated cryptocurrency exchange, to access these capabilities effectively.
This move towards cryptocurrency as a primary payment method underscores Deel’s belief in the advantages of faster payments and lower transaction costs for contractors. For instance, it was reported that Coinbase charges a 1.5% provider fee for crypto payroll withdrawals, while USDC and Solana transactions incur variable fees of 1% and 1.5%, respectively.
In a related trend, self-custody wallet company Exodus Movement successfully collaborated with MoonPay and M0 late last year to introduce a USD-pegged stablecoin, further demonstrating the growing interest in stablecoin transactions.
Additionally, Visa Inc., a global leader in payment processing, has also taken steps toward integrating stablecoin payouts into its services. At the Singapore Fintech Festival, Visa unveiled a pilot initiative that permits businesses to settle payments directly into recipients’ stablecoin wallets. Using its Visa Direct service, companies can fund payouts in traditional currency while recipients receive these funds in USD-backed stablecoins like USDC. This initiative is expected to facilitate quicker and more secure global payments.
Chris Newkirk, President of Commercial and Money Movement Solutions at Visa, stressed the importance of this innovation, noting that the launch of stablecoin payouts aims to provide users across the globe with timely access to their funds, eliminating delays associated with traditional banking services. This enhancement plays a crucial role in delivering reliable payment options in an increasingly unstable economic landscape.
