MoonPay partners with Deel to enable stablecoin payroll for tens of thousands of European firms, with expansion to the US planned via its Iron subsidiary.
MoonPay has partnered with payroll and HR platform Deel to allow approximately 40,000 businesses in the UK and EU to pay employees in stablecoins. The service will be delivered through MoonPay’s fiat infrastructure subsidiary, Iron, and aims to streamline cross-border salary payments using blockchain technology. The companies also plan to extend this service to the US market, expanding access to stablecoin-based payroll solutions for employers and employees.