Contractors across Latin America, Africa, and Southeast Asia can now hold stablecoins, earn rewards on their balance, and spend globally, without leaving the platform they already use to get paid.
3 June, 2026 — Deel, the global people platform trusted by 40,000+ businesses, to hire, manage, and pay teams across 150+ countries, today launched the Deel stablecoin wallet for contractors. The wallet is a dollar-backed balance embedded inside the platform millions of workers already use to receive pay, manage contracts, and handle invoices. It lets contractors hold earnings in a stable currency, be eligible to earn rewards automatically, and spend worldwide.
In markets like Argentina, Turkey, and Ukraine, a salary paid in local currency can lose between 20% and 40% of its value in a single year. Workers in these markets have long been making their preferences clear: in 2025, 85% of contractors in Argentina chose to be paid in USD rather than local currency. The demand for dollar-backed pay is real and accelerating. Until now, acting on it meant managing multiple apps, exchange accounts, and conversion fees outside the platform where contractors get paid. The Deel stablecoin wallet gives them the infrastructure to do it all in one place.
The wallet works in three steps. Contractors hold their earnings as DLUSD, Deel’s internal USD-denominated digital balance, designed to track USD value at 1:1 and always redeemable within the platform. They opt into Earn with a single tap to be eligible to earn rewards generated by Morpho automatically, with no lock-up and no action required after opting in. And with the Deel Card, coming later this month, they can spend their stablecoin balance worldwide. Nothing is ever locked, contractors can move funds back to their Deel balance and withdraw them at any time.
Today, the Deel stablecoin wallet launches in Latin America, starting with early access in Argentina. Contractors in remaining LATAM countries will be onboarded over the next few weeks, with APAC, MENA, and Africa to follow. Contractors who’ve completed KYC on Deel are eligible.
Thierry Edde, Head of Crypto at Deel, said:
“Millions of contractors around the world watch their earnings lose value the moment they land. Today we give them the infrastructure to change that. A dollar-backed balance inside the platform they already use to get paid, rewards that accrue automatically, and a card to spend anywhere. No new account or learning curve required. This is another important step in building the financial infrastructure global workers deserve.”
Deel is using Stripe’s stablecoin stack to power the wallet: DLUSD is created through Bridge’s Open Issuance infrastructure and Privy handles the wallet layer so contractors see a simple dollar balance. Rewards are eligible to accrue via Morpho, supported by Sentora’s pathUSD vault. Everything settles on Tempo, the payments-first blockchain incubated by Stripe and Paradigm. None of this surfaces to the contractor. It all runs inside their existing Deel account.
Henri Stern, CEO of Privy (a Stripe company) said:
Deel is at the forefront of stablecoin innovation, using the stack to grow their global capabilities with ease and give contractors new superpowers. With Stripe’s crypto infrastructure, they get tighter control, better economics for the business, and a seamless experience for their end users using stablecoins under the hood.”
Deel’s vision is to be the global financial infrastructure for work, where any business can pay any worker, in any currency, on any rail, anywhere in the world. Today’s launch completes the stablecoin infrastructure Deel has been building. Contractors have long been able to withdraw their earnings in stablecoins. Since January 2026, businesses can fund global payroll directly from a stablecoin treasury, with no FX conversion and settlement in minutes. In May 2026, stablecoin salary payouts extended that to employees in the US and Eurozone. The contractor wallet completes the picture: for the first time, every participant in the global workforce; employer, employee, and contractor, can operate on fiat or stablecoins, on one platform, under one compliance layer.
The Deel stablecoin wallet is available in early access now at deel.com.
