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.
- 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.
