Deel launches stablecoin salary payouts via Solana

Deel, the global people platform used by businesses to hire and pay teams, launched stablecoin salary payouts for full-time employees on May 20.

The company said employers can now allow workers to receive part of their net salary in dollar- or euro-backed stablecoins through networks, including Solana. The remaining salary continues to be paid into bank accounts as usual.

“Stablecoin payouts are live on Deel for employees. Over 5 years ago, I joined Deel as the first payments hire… I saw how broken cross border payments are. Stablecoins fix this. 10,000+ contractors already get paid in stablecoins on Deel. Today we’re extending this to full-time employees. This is how payroll should be,” Deel’s crypto head Thierry Edde wrote on X.

Related: Solana RWA market cap hits $2B as chain GDP reaches $342M

Deel said the feature allows stablecoin payouts to settle within minutes, operate 24/7, and remain fee-free for employees without requiring new payroll workflows or compliance changes for employers.

Solana pushes deeper into payments

The launch adds to growing payment activity on Solana, which processed more than $1 trillion in stablecoin volume in 2025.


Solana’s payment infrastructure includes features such as native fee abstraction, sub-cent transaction fees, embedded memos, stable fees, and fast confirmation times. Transactions on the network finalize in around 400 milliseconds using its proof-of-history consensus mechanism.

“Deel enabling both contractors and now employees to receive their salary in stablecoins is a significant unlock for workers around the world, said Maya Caddle, Payments Lead at Solana Foundation. “Solana of course has become the leading blockchain for payments based use cases due its speed, affordability and global reach, making it a natural fit for Deel’s product offering.”

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Earlier this month, the Solana Foundation introduced Pay.sh, a payment gateway developed with Google Cloud. The platform is designed to help autonomous AI agents access and pay for APIs using stablecoins on Solana.

The launch aims to address a growing issue in the AI economy, where automated agents still rely on manual onboarding, credentials, and billing systems to access enterprise APIs.

Separately, Collector Crypt said its collectibles platform on Solana surpassed $1 billion in total volume in May 2026, nearly 18 months after launch.

The platform said more than 22,000 users have opened nearly 4.5 million packs featuring Pokémon, One Piece, sports cards, and other collectibles.

Related: Crypto’s biggest regulatory win isn’t perfect, and that’s okay, says Solana Policy Institute CEO

This story was originally published by TheStreet on May 21, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.