MoonPay and Deel test stablecoin payroll for 40,000 UK–EU firms

MoonPay and Deel will let tens of thousands of UK and EU firms pay staff in stablecoins, testing crypto payroll at scale before a planned U.S. rollout.

MoonPay announced Tuesday it has reached an agreement to enable approximately 40,000 companies in the United Kingdom and European Union to pay employees in stablecoins, according to a company statement.

The payments firm said the initiative will be powered by Iron, its fiat infrastructure subsidiary, through a partnership with payroll and human resources platform Deel. Under the arrangement, businesses would be able to distribute wages in stablecoins sent directly to workers’ digital wallets, the company stated.

Moonpay adds new services

MoonPay said the service is expected to launch first in the UK and EU, with plans to expand to the United States at a later stage. The rollout would target companies already using Deel’s global payroll services, which handle compliance and payments across multiple jurisdictions, according to the announcement.

Deel has offered exposure to cryptocurrency-based compensation since at least 2021, when it enabled workers to receive wages in USDC and on the Solana network. That same year, the company raised $425 million in a Series D funding round.

Deel processed approximately $22 billion in global payroll during 2025, according to figures cited by MoonPay.

MoonPay has been expanding its operations in cryptocurrency infrastructure beyond consumer services. In late 2024, self-custody wallet provider Exodus Movement partnered with MoonPay and M0 to launch a U.S. dollar-backed stablecoin, according to previous reports.

The partnership represents the latest effort by cryptocurrency firms to integrate stablecoins into business operations, particularly in regions with cross-border payroll requirements.