MoonPay, in collaboration with Deel, is set to revolutionize payroll for numerous UK and EU firms by allowing payments to be made directly in stablecoins, paving the way for a large-scale implementation before expanding to the U.S.
Summary
- Approximately 40,000 businesses in the UK and EU will now have the capability to pay employees in stablecoins through MoonPay’s Iron unit and Deel partnership.
- This innovative service is aimed at companies already leveraging Deel’s payroll solutions, which recorded around $22 billion in processing during 2025.
- The initiative is part of a broader strategic move by MoonPay to enhance its infrastructure offerings, including the launch of a new dollar stablecoin in early 2024, signaling a growing acceptance of crypto in business.
On Tuesday, MoonPay announced a significant partnership with Deel that will enable around 40,000 firms in the UK and European Union to compensate employees in stablecoins. This marks a notable shift in payment methods powered by MoonPay’s Iron unit, designed to streamline fiat and crypto transactions.
The objective of this collaboration is to facilitate companies in distributing their employees’ wages in stablecoins via direct transfers to digital wallets. This innovative solution is expected to first launch in the UK and EU, with plans to expand to the United States in the future.
The integration will primarily cater to firms already utilizing Deel’s global payroll infrastructure, which is responsible for managing compliance and payments in multiple jurisdictions. Deel has been accepting cryptocurrency payments since 2021, offering workers options to receive their wages in USDC and through the Solana network. In that same year, Deel secured $425 million in a Series D funding round.
According to data shared by MoonPay, Deel processed an impressive $22 billion in global payroll in 2025, highlighting the vast potential for crypto payroll solutions.
MoonPay is strategically shifting its focus beyond consumer services and is making strides in cryptocurrency infrastructure. In a noteworthy collaboration in late 2024, MoonPay teamed up with Exodus Movement and M0 to introduce a U.S. dollar-backed stablecoin, further diversifying its offerings in the crypto space.
This partnership with Deel represents an important step in the integration of stablecoins into everyday business operations, particularly in areas with complex cross-border payroll requirements. As cryptocurrencies continue to gain traction, initiatives like these are critical in normalizing their usage within traditional financial systems.
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