MoonPay has integrated with global payroll provider Deel to offer businesses a new stablecoin payroll service. Companies in the UK and European Union can now deposit stablecoins directly into employees' digital wallets via MoonPay's fiat infrastructure subsidiary, Iron. Deel processed $22 billion in payroll in 2025, positioning it as a major player in the shift toward crypto-based compensation.
Stablecoins Cut Costs and Settlement Time for Cross-Border Payroll
Traditional payroll systems often involve SWIFT transfers that take 2-5 days with fees between 1% and 3%. Stablecoins enable near-instant on-chain settlements at a fraction of the cost. Deel already supported USDC and Solana payments, but the MoonPay integration formalizes stablecoins as a standard payroll option. The service is initially limited to UK and EU employers, with a US expansion already under planning.
For multinational companies, the appeal is clear: employees can receive funds in stablecoins and either hold them or convert to local currency immediately, bypassing bank cut-off times and intermediary charges. MoonPay's Iron infrastructure handles fiat-to-crypto conversions, ensuring that all stablecoin payouts are fully backed by reserves. Deel's stamp of approval on stablecoin payroll could accelerate adoption across the HR tech sector.
Exodus and MoonPay to Debut USD Stablecoin in Early 2026
In a separate but complementary move, digital asset wallet platform Exodus announced in December 2025 a partnership with MoonPay to launch a new US dollar-backed stablecoin. MoonPay will manage issuance and reserve custody using the M0 protocol for minting and burning tokens. The stablecoin is slated for release in early 2026 and will be integrated into Exodus Pay, enabling users to spend, transfer, and manage assets directly within the wallet.
Unlike existing stablecoins such as USDC or USDT, this one will be tightly integrated with Exodus's multi-chain wallet ecosystem—over 6 million downloads—allowing users to transact without additional KYC for daily use. MoonPay is simultaneously building B2B payroll rails and consumer payment solutions, reinforcing its ambition to become a key infrastructure layer for stablecoin adoption.
The broader implication: stablecoins are evolving from speculative trading pairs into real-world payment rails for salaries and consumer spending. With Deel and Exodus as partners, MoonPay is betting that speed, low friction, and reserve transparency will convince more companies to dump legacy wire transfers. The moves may pressure other payroll and payment platforms to follow suit, especially as regulatory clarity for stablecoins improves in the UK and EU.