TLDR Tech / Fintech
Behind Deel's Plan to Turn $22B of Payroll Flow Into Stablecoin Float
This week, payroll giant Deel announced the launch of its DLUSD stablecoin, which will be gradually rolled out to the 1.5M workers being paid on its platform. The dollar stablecoin is built on Stripe's new Tempo blockchain and enables workers to shelter their income from volatile local currencies while simultaneously earning yield from on-chain DeFi markets. This article digs into the size of the opportunity for Deel, unpacks its chosen infrastructure stack, and explores how DeFi yield can become a differentiator.
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