Deel Deploys Stripe's Full Stablecoin Stack to Pay 1.5M Contractors in DLUSD - "The Defiant"

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Deel, the global payroll and compliance platform serving 40,000 businesses and 1.5 million workers across 150-plus countries, has tapped Stripe's full crypto-infrastructure stack to launch DLUSD, a USD-denominated stablecoin balance contractors can hold, earn rewards on, and spend without leaving the Deel app.

The product went live in Argentina on June 3. Remaining Latin America markets follow in the coming weeks, with Asia-Pacific, the Middle East and North Africa, and Africa after that, according to a Stripe newsroom press release.

The deployment bundles all three of Stripe's crypto-infrastructure acquisitions in one enterprise product.