Payroll and human resources platform Deel announced Monday it’s enabling USDT payouts on Plasma, meaning workers can now receive Deel payouts on Plasma and spend those earnings through its Plasma One financial platform.
Not only does this integration ensure that workers be paid instantly via stablecoins but also spend them globally with zero fees so the full payout arrives intact rather than being shaved by network costs.
Last May, San Francisco-based Deel launched stablecoin salary payouts and announced the formation of a dedicated crypto division, led by new head of crypto Thierry Edde.
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London-based Plasma, a company that builds financial products for consumers and businesses using stablecoins instead of traditional banking rails, unveiled Plasma One, its first product, this past June.
Plasma One lets users send, spend, save, and earn with stablecoins. Everything runs on Plasma’s own blockchain, the company says.
Plasma One delivers the full feature set users expect from a modern neobank:
- Deposit: Add stablecoins directly from your wallet or fund your account in USD, EUR, GBP, MXN and BRL through dedicated virtual accounts connected to local payment rails, including SEPA, Faster Payments, and ACH.
- Spend: Pay with your Plasma One Visa card across 180-plus countries. In addition to up to 4% cashback on qualified purchases, Plasma One rewards AI power users with dedicated benefits: the Core tier offers 5% cashback on eligible AI spend plus a year of ChatGPT Go, while the Platinum tier offers 10% cashback on eligible AI spend, along with an annual subscription to ChatGPT Go and Claude Pro.
- Send: Move money across borders in seconds, with unlimited free transfers settled on the Plasma Network.
- Earn: Put idle balances to work with seamless access to competitive on-chain yields.
More information about Deel can be found here. More information about Plasma One can be found here.
Photo credit: Shirley Alexander/LinkedIn
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Tags: Deel, employees, Human Resources, payments, Payroll, stablecoins, Technology, USDT, workers
