MoonPay Expands Stablecoin Payroll Services
What happened
MoonPay has expanded its stablecoin payroll services, enabling 40,000 companies across the UK and EU to pay employees in stablecoins. The move represents a significant step for embedded payroll and global remittance using digital currencies. The service aims to streamline payments for globally distributed teams.
Why it matters
- This service is a partnership with global HR and payroll platform Deel, which processed approximately $22 billion in global payroll in 2025. MoonPay's fiat infrastructure subsidiary, Iron, will power the stablecoin payments, with wages deposited directly into an employee's digital wallet. - The service is set to launch in March 2026, initially in the UK and EU, with future expansion planned for the United States. - This collaboration builds on Deel's existing crypto payroll options, which started as early as 2021 when it enabled workers to receive wages in USDC and on the Solana network. - The initiative is designed to comply with the EU's Markets in Crypto-Assets (MiCA) framework and standards from the UK's Financial Conduct Authority (FCA). MoonPay holds the necessary authorizations under MiCA and money transmitter licenses in the US. - The primary stablecoins to be used are expected to be US Dollar stablecoins (USDC) and Euro stablecoins (EURC) to mitigate volatility risk. - This move is part of a broader strategy by MoonPay to expand beyond consumer on-ramps and into enterprise services, tying its infrastructure to recurring business operations like payroll. In late 2025, MoonPay launched its enterprise stablecoin business and appointed a former Paxos executive to lead the division. - Traditional cross-border transfers can have fees ranging from 3% to 5% and take 3 to 5 business days to settle, whereas stablecoin transfers offer near-instant settlement and lower fees. - Employees will have the option to receive all or a portion of their salary in stablecoins sent to a non-custodial wallet, giving them full control over their assets.
Key numbers
- MoonPay has expanded its stablecoin payroll services, enabling 40,000 companies across the UK and EU to pay employees in stablecoins.
- - This service is a partnership with global HR and payroll platform Deel, which processed approximately $22 billion in global payroll in 2025.
- The service is set to launch in March 2026, initially in the UK and EU, with future expansion planned for the United States.
- This collaboration builds on Deel's existing crypto payroll options, which started as early as 2021 when it enabled workers to receive wages in USDC and on the Solana network.
What happens next
- MoonPay's fiat infrastructure subsidiary, Iron, will power the stablecoin payments, with wages deposited directly into an employee's digital wallet.
- The service is set to launch in March 2026, initially in the UK and EU, with future expansion planned for the United States.
- The primary stablecoins to be used are expected to be US Dollar stablecoins (USDC) and Euro stablecoins (EURC) to mitigate volatility risk.
Quick answers
What happened in MoonPay Expands Stablecoin Payroll Services?
MoonPay has expanded its stablecoin payroll services, enabling 40,000 companies across the UK and EU to pay employees in stablecoins. The move represents a significant step for embedded payroll and global remittance using digital currencies. The service aims to streamline payments for globally distributed teams.
Why does MoonPay Expands Stablecoin Payroll Services matter?
This service is a partnership with global HR and payroll platform Deel, which processed approximately $22 billion in global payroll in 2025. MoonPay's fiat infrastructure subsidiary, Iron, will power the stablecoin payments, with wages deposited directly into an employee's digital wallet. The service is set to launch in March 2026, initially in the UK and EU, with future expansion planned for the United States. This collaboration builds on Deel's existing crypto payroll options, which started as early as 2021 when it enabled workers to receive wages in USDC and on the Solana network. The initiative is designed to comply with the EU's Markets in Crypto-Assets (MiCA) framework and standards from the UK's Financial Conduct Authority (FCA). MoonPay holds the necessary authorizations under MiCA and money transmitter licenses in the US. The primary stablecoins to be used are expected to be US Dollar stablecoins (USDC) and Euro stablecoins (EURC) to mitigate volatility risk. This move is part of a broader strategy by MoonPay to expand beyond consumer on-ramps and into enterprise services, tying its infrastructure to recurring business operations like payroll. In late 2025, MoonPay launched its enterprise stablecoin business and appointed a former Paxos executive to lead the division. Traditional cross-border transfers can have fees ranging from 3% to 5% and take 3 to 5 business days to settle, whereas stablecoin transfers offer near-instant settlement and lower fees. Employees will have the option to receive all or a portion of their salary in stablecoins sent to a non-custodial wallet, giving them full control over their assets.
