MoonPay and payroll platform Deel are launching a large-scale test that will let tens of thousands of companies in the UK and EU pay staff in stablecoins. What’s happening - MoonPay announced Tuesday it has struck a deal to enable roughly 40,000 businesses across the United Kingdom and European Union to distribute wages in stablecoins. - The service will be delivered by Iron, MoonPay’s fiat infrastructure subsidiary, in partnership with Deel. Under the arrangement, employers using Deel’s payroll tooling will be able to send pay directly to employees’ crypto wallets in the form of stablecoins. Rollout and scope - The pilot will begin in the UK and EU, with a planned expansion to the United States at a later date. - The rollout targets companies already on Deel’s global payroll platform, which manages cross-border compliance and multi-jurisdictional payments — a capability that is central to offering crypto-based payroll at scale. Why it matters - The project is one of the largest stablecoin payroll initiatives to date and underscores growing interest in using stablecoins for business payments and cross-border wage settlement. - Stablecoin payroll can potentially streamline cross-border transfers, reduce foreign-exchange frictions and speed up settlement compared with traditional rails — particularly useful for firms with international workforces. Background on the partners - Deel has supported crypto pay options since at least 2021, when it enabled wages in USDC on the Solana network. That same year the company raised $425 million in a Series D round. - MoonPay has been expanding beyond consumer on-ramps into broader crypto infrastructure. In late 2024, Exodus Movement partnered with MoonPay and M0 to launch a U.S. dollar–backed stablecoin. - MoonPay cited figures showing Deel processed about $22 billion in global payroll during 2025. Context The partnership is the latest push by crypto firms to integrate stablecoins into routine business operations—especially where companies face multi-jurisdiction payroll and need faster, cheaper cross-border settlement. Regulators and employers will be watching closely as the UK–EU pilot scales and as the companies prepare for a broader U.S. rollout. Read more AI-generated news on: undefined/news
