Stablecoin salary payments have increased by 39% year-on-year, according to a report by WSPN, reflecting the growing trend of remote work and global hiring. Companies like Bitwage and Deel are leveraging USDC and USDT to provide businesses with more flexible and cost-effective HR solutions. These stablecoin payments offer instant transfers and reduced costs compared to traditional cross-border salary payments, which are often burdened by high fees and lengthy settlement times.
The report highlights significant growth in stablecoin remittances, with $18.6 billion sent to Southeast Asia and a 61% increase in mobile stablecoin transfers in Africa. WSPN suggests that stablecoins are becoming crucial for financial inclusion in emerging markets, providing efficient financial solutions in areas underserved by traditional banking systems.
Stablecoin Salary Payments Surge 39% Amid Global Workforce Digitalization
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