MoonPay has announced a partnership with Deel to enable 40,000 businesses in the United Kingdom and European Union to pay employees using stablecoins. Utilizing its subsidiary Iron’s fiat infrastructure, MoonPay facilitates these payments directly into employees’ wallets, marking a significant step in integrating digital assets into standard financial operations. This move aligns with the growing trend of using stablecoins for cross-border payroll due to their speed and reduced fees compared to traditional banking. The initiative also benefits from recent EU guidelines under MiCA, which have provided clarity and encouragement for using stablecoins in payments.
MoonPay teams up with Deel to offer stablecoin payroll in UK and EU
