MoonPay partners with Deel to launch stablecoin payroll service, covering approximately 40,000 businesses in the UK and EU.

Techub News reports that cryptocurrency payment company MoonPay has partnered with global payroll platform Deel, planning to help approximately 40,000 businesses in the UK and EU regions pay employee salaries directly in stablecoins. MoonPay will provide support through its fiat infrastructure subsidiary, Iron, enabling businesses to distribute stablecoins directly to employees' wallet addresses. The service will first launch in the UK and EU, with plans to expand to the US market in the future.