Stablecoins Emerge as Primary Vehicle for Global Payroll

The adoption of dollar-backed tokens for income marks a departure from their original purpose as a volatility hedge for crypto traders. According to Mercuryo’s latest data, the share of total turnover captured by these stablecoins climbed to 56 percent, up from 30 percent just one year prior. The platform reported a 446 percent year-on-year increase in stablecoin off-ramp transactions, significantly outpacing the 38 percent growth observed in other digital tokens.

This trend is bolstered by the rise of specialized infrastructure providers like Rise and Deel, which are integrating stablecoin payouts into their global payroll systems. Arthur Firstov, Chief Business Officer at Mercuryo, noted that for workers in inflationary economies, these assets offer a vital tool for preserving purchasing power. Furthermore, the constant nature of this activity—with weekend transaction volumes reaching 86 percent of weekday levels—demonstrates a clear demand for financial services that operate outside the constraints of traditional banking hours. As regulatory frameworks like the US GENIUS Act provide clearer guidelines for issuance and reserve backing, the use of stablecoins is increasingly transitioning from niche financial experimentation to a mainstream utility for the global workforce.