And now employers can use stablecoins to fund their payroll.
Just last year, we enabled Crypto Withdrawals for contractors, allowing anyone paid through Deel to withdraw their earnings right to their Coinbase account in Bitcoin, Ethereum, USDC, Solana, and Dash for almost instant withdrawals.
Today, we’re taking things a step further by enabling businesses to fund payroll in USDC. Companies that hold their money in USDC can make a payment directly to Deel via their Coinbase account to cover payroll and payments for their global team. Once the business has paid the money into Deel, contractors can withdraw in over 150 currencies, including Crypto. ✌️
A, B… USDC. Which Crypto do you want next?
We started with USDC because it’s one of the fastest-growing Stablecoin, and because it’s pegged to the dollar, there’s less room for volatility.