Top 10 “PayFi” Platforms to Pay Employees in Stablecoins

I’ll go over the Top “PayFi” Platforms to Pay Employees in Stablecoins payroll in this post, emphasizing options that let businesses pay workers fast, safely, and internationally.

These services offer advantages including fast payments, reduced fees, and financial flexibility by fusing blockchain technology with traditional payroll. This tutorial will assist you in selecting the finest solutions if you’re thinking about paying your team in stablecoins.

Understanding PayFi

PayFi, short for Payroll Finance, is a new idea that pays workers in digital assets, especially stablecoins, by fusing blockchain technology with conventional payroll methods. In contrast to traditional payroll, which only uses banks and fiat money, PayFi solutions allow businesses to quickly, securely, and transparently process wages worldwide.

Near-instantaneous payments, international transfers, and the option to retain or convert profits into fiat or other cryptocurrencies are all advantageous to employees. PayFi frequently incorporates DeFi functions, such as savings, staking, or financial management elements, in addition to basic payment, allowing workers more financial power.

PayFi is essentially a contemporary payroll progression that bridges the gap between traditional finance and blockchain innovation while meeting the demands of remote, multinational, and tech-savvy workforces.

Benefits of Paying Employees in Stablecoins

Increased Stability

• Price stability occurs because, unlike crypto that is highly volatile, stablecoins are pegged to fiat currencies such as the U.S. Dollar. Therefore, employees’ salaries will not lose value with time.

Decentralized Payments

• Bankless payroll transactions can be processed in a matter of seconds, with real-time processing available anywhere in the world.

Reduced Payroll Processing Costs

• With no middleman, payments of salaries across borders can be processed at lower fees compared to traditional wire transfers.

Global Payroll Distribution

• Pay employees in unbanked geographies as they do not require a local bank account to receive payments.

Employee control over stablecoins

• Employees can stabilize their payroll, and convert their salaries to spend, save, or invest.

Immutable Data

• Smart contracts and distributed ledger technology can reduce fraud with payroll processing and can help to create reliable systems with immutable records.

Integration with DeFi systems

• Employees with their payroll on DeFi enabled stablecoins can earn more through staking and other investment activities.

Less Currency Exchange Involvement

• Payments friction that arises from stablecoins can be reduced, particularly for international teams on a single payroll.

Financial Literacy

• A hands-on opportunity to learn about crypto and the financial systems that employees use every day.

Payment Processing for Distributed Teams

• Distributed teams can be paid easily, especially in countries with poor banking systems.

Top 10 PayFi Platforms for Stablecoin Payroll

Platform	Key Strengths
Rise	Full-stack crypto payroll, EOR services, “Everyday Pay” instant payouts
Deel	Strong HR + compliance suite, crypto optional
Gusto	Traditional payroll leader now offering stablecoin rails
Toku	Crypto-native payroll with tax compliance automation
Bitwage	Pioneer in crypto salaries, flexible split between fiat & stablecoins
Request Finance	Invoicing + payroll in stablecoins, strong DeFi integrations
Papaya Global	Enterprise-grade workforce management with crypto payroll add-on
Sablier	On-chain streaming payroll (continuous payments)
Utopia Labs	DAO treasury + payroll management
Payoneer	Expanding into stablecoin payouts for cross-border workers

1. Rise

Fully integrated Rise handles payroll for global employees and contractors in fiat, crypto, and stablecoins such as USDC/USDT and combines compliance with HR functions.

It offers hybrid payroll where employees can select their preferred payment option, thereby integrating conventional payroll with blockchain.

By employing scalable Layer-2 networks, Rise fosters real-time, cost-efficient cross-border transaction settlement, and on-chain payroll delivery with transparency at all processing stages for hundreds of millions of payrolls globally.

Global reach, automated tax compliance, and contractor classification are sufficient for Web3 and traditional firms with hybrid flexible payrolls in stablecoins and fiat.

Rise Key Details

• Global payroll solutions provider and supports both fiat and crypto.
• Global coverage in more than 190 countries.
• Onboardings and tax compliance is automated.

Important Details

• Provides secure on-chain professional IDs.
• Offers contractor health and travel insurance.
• Assists startups and enterprises and Web3 orgs.

Rise Pros:

• Processes payroll in stablecoins (USDC/USDT) and fiat.
• Services cover payouts in over 190 countries.
• Compliance, KYC/AML, and tax are prebuilt and automated.
• Blockchain-based Instant mass payout settlements.

Cons:

• For smaller teams, the setup will be more complicated.
• Internal processes may need to be updated to utilize the stablecoin features.
• Complexity for those not accustomed to crypto payroll.

2. Deel

Deel allows companies to hire and pay with an HR and payroll system in 150+ countries and offers stablecoin payroll funding options (e.g., USDC/USDT) which allows companies to settle faster and avoid the risks that banking introduces.

Deel’s core strength is a comprehensive HR + compliance suite that keeps everything from contracts and tax filing to benefits and payroll in one system.

Because of their partnership with BVNK, employees can now withdraw their earnings as stablecoins after payroll is complete, which makes Deel an attractive option for companies who want post payroll stablecoin payments.

Best for businesses with additional payroll-related services that are expanding geographically and have hybrid fiat/crypto payroll requirements.

Deel Key Details

• Provides an all-in-one payroll management and global HR solutions.
• Acts as an Employer of Record (EOR) in over 130 countries.
• Manages the handling of contractors and employees.

Important Details

• Payroll tax calculations are automated and localized.
• Compliance and management of the workforce is more integrated.
• 35,000 companies across the globe already trust the service.

Deel Pros

• Payroll and HR management are available worldwide with Enterprise grade solutions.
• Partners for payroll process stablecoin funding are available.
• Tax, benefits, and compliance are automated.
• Perfect for solidifying a remote or hybrid teams enterprise scalable model.

Cons:

• Stablecoins in payroll are only partially available.
• Complexity and cost are elevated for smaller organizations.
• Premium features and add-ons are necessary for some functions.

3. Gusto

Gusto is a major payroll and HR provider in the United States for small and medium-sized businesses. It is known for its simplicity, tax automation, and benefits management, which are all siloed.

Although native stablecoin payroll is not yet all there, there is some discussion of the platform in stablecoin payroll circles because there are partner integrations that can enable crypto payroll workflows.

Its main advantage is reliable U.S. payroll compliance and streamlined employee administration, making it suitable for companies that are using stablecoins through indirect means.

This is best for U.S. payroll teams that are focused on traditional payroll and wish to add stablecoin-related capabilities when the ecosystem matures.

Gusto Pros:

• Payroll and HR management are available for the United States and is Enterprise grade.
• Contractors payroll with stablecoins is in selection phase.
• Payroll and tax filing are automated.

Cons:

• As of now, there is no full functioning stablecoin payroll.
• Added complexity with the non-stablecoin payroll.
• There is very little capability outside of the United States.

Gusto Key details

• Provides Payroll and HR solutions for small and medium-sized businesses (SMBs).
• Ensures multi-state tax compliance and filing.
• Manages contractor payments and benefits.

Important Details

• Runs payroll and makes payments on an off-cycle basis.
• Offers employee onboarding, time tracking, and payroll reporting.
• Offers payroll API embedding for partners.

4. Toku

Toku is a payroll API and compliance layer that allows companies to integrate stablecoin payroll (USDC, RLUSD, USDG, etc.) into their systems, such as ADP, Workday, QuickBooks, or even Gusto, which streamlines cross-border payments and compliance automation.

Toku’s developer friendly API and integrated global payroll compliance, separates payroll logic from the settlement mechanism while maintaining tax and labor reporting accuracy.

Toku’s global assistance in over 100 countries is perfect for flexible payroll solutions for startups, mid-sized companies, and enterprises.

Toku helps companies modernize payroll using blockchain while keeping the main HR systems intact, providing the flexibility to hybrid fiat/stablecoin payment systems.

Toku Key Details

• EOR and payroll solutions provider for stablecoin
• Coverage in over 100 countries.
• Integrations with ADP, Workday, Gusto, and Rippling.

Important Details

• Allows instant payments in stablecoins.
• Offers no-entity expansion for global hiring.
• Focuses on crypto-native companies.

Toku

Pros:

• Integrates with existing payroll systems: Stablecoin payroll API.
• Supports instant and compliant global stablecoin payouts.
• Payroll stack consolidation with blockchain settlement.

Cons:

• Stands alongside payroll systems and HR platforms.
• Need for systems intermediation.
• Non-developers may face barriers in technical arrangement.

5. Bitwage

Bitwage is a pioneer in crypto payroll, enabling conversion of fiat salaries to stablecoins such as USDC or USDT to be sent to employees wallets, bypassing traditional banking systems.

Now a part of Paystand, it continues to serve thousands of freelancers and employees by shortening settlement time, lowering cross border settlement charges and providing payroll conversion engines.

Its main feature is simplicity and wallet based payroll settlement. This is particularly useful for companies that want to offer payroll in stablecoins without having to create a complex payroll system.

Bitwage is the best solution for businesses with global contractors or hybrid teams who want to blockchain native settlements with minimal work.

Bitwage Key Details

• Payroll platform with crypto, stablecoin, and fiat payment options.
• Servicing over 90,000 workers and 4,500 companies.

Important Details

• Offers same-day payments in almost 200 countries.
• Freelancers can customize invoices.
• Combines traditional payroll with crypto adoption.

Bitwage

Pros:

• Payroll in stablecoins with rapid settlement.
• Available in various countries with diverse wallet support.
• Banking hassles like cost and delays are eliminated.
• Can connect with existing payroll systems.

Cons:

• HR tools and compliance are insufficient.
• Some blockchain networks may impose higher costs.
• Lacks tools for large payroll volumes.

6. Request Finance

Request Finance specializes in multi-token payroll, invoicing and expense management with a focus on crypto, and supports a wide range of stablecoins and tokens across different blockchains.

Its great strength is the flexibility of payment methods, including stablecoins for payments, bonuses, and reimbursements, together with batch payment options, reporting dashboards, and integrations with various wallets and accounting software.

Though it may not be considered a standard, compliant payroll service, it is invaluable for DAOs and Web3-natives for the automation of payroll and treasury functions in crypto.

Most suitable for teams with a preference for programmable payments and multi-token capabilities, foregoing standard HR and benefits offerings.

Request Finance Key Details

• All-in-one platform for crypto and fiat finance operations.
• Servicing over 3,000 organizations, with more than $1B in processed payments.

Important Details

• Integrates payroll, expense management, and accounts payable/receivable.
• Supports multisig wallets (e.g. Gnosis Safe).
• Has VASP regulation and is SOC 2 Type 1 certified.

Request Finance

Pros:

• Supports payroll in multiple tokens including stablecoins.
• Offers crypto payroll reporting dashboards and batch payment options.
• Excellent for DAOs and Web3 firms.
• Variety of settlement options across chains.

Cons:

• HR, compliance, and benefits are absent.
• Decreased manual processing may not be ideal for companies.
• Lower familiarity with general business.

7. Papaya Global

Papaya Global is a global payroll and workforce management platform that handles pay processing, compliance, benefits, and contractor payroll in 160+ countries.

Although Papaya’s crypto payout capabilities are more exploratory and traditionally centered on fiat and optional crypto mixes, it allows employees to choose to receive a crypto portion of total pay.

The platform’s strength lies in enterprise-grade compliance, integrated HR and payroll workflows, and global tax automation.

Most suitable for large corporations that require a fully integrated global payroll solution with crypto/stablecoin options and complete workforce management — ideal when compliance and risk management are most important.

Papaya Global Key Details

• Global workforce management and payroll SaaS.
• Coverage in over 160 countries.
• Provides EOR, contractor management, benefits, and immigration services.

Important Details

• AI-backed compliance data consolidation.
• Supports payments in 16 local currencies.
• $1B+ valued unicorn company.

Papaya Global Pros

• End-to-end global payroll and compliance solution.
• Covers EOR services and contractor supervision.
• Hybrid crypto and fiat payrolls supported.

Cons:

• Support for stablecoins is limited. Sablier is a fully programmable streamable payment solution.
• Payments can be expensive for smaller businesses.
• Features related to crypto functionality are very much in beta.

8. Sablier

Sablier is not a typical payroll service provider; it is an on-chain streaming protocol that facilitates instant and continuous payment streams in stablecoins, such as USDC/DAI, through smart contracts.

Its most distinctive feature is programmable, per-second salary distribution, which is quite novel for DAOs or experimental teams needing automation for payroll on a scheduled basis.

However, Sablier is not equipped for compliance, tax reporting, or HR administrative functions that are core features of traditional enterprise payroll systems.

Best suited for Web3 Developers and decentralized teams playing with the idea of continuous payment and smart contract payroll systems instead of periodic payroll cycles.

Sablier Key Details

• Onchain payroll streaming protocol.
• Supports real-time, second-by-second payments.

Important Details

• Smart contracts that have been battle-tested, have never been hacked in over 5 years.
• Smart contracts offer vesting schedules, payroll, and airdrops.
• Release curves, cliffs, and flexible streams schedules.

Sablier Pros:

• Offers Decentralization which can be attractive to DAOs.
• Sablier can also be used for real-time streaming of payroll in stablecoins.
• Orders are fully programmable through fully delegated smart contracts.
• Accessible for decentralized systems.

Cons:

• No traditional payroll systems are offered.
• Users must be knowledgeable about blockchains.
• Non-traditional payroll cycles are more suited for this system.

9. Utopia Labs

For payroll tooling within DAOs and blockchain-native teams, Utopia Labs provides a decentralized solution for payroll workflows in stablecoins with non-custodial payment rails.

Its most notable feature is the fully decentralized solution, which for now is in line with the DAO model and the compensation model for the crypto community, along with programmable payroll, and the absence of traditional HR systems.

While not a complete HR or compliance oversight solution, it is a good fit for crypto-native organizations that exist outside of traditional corporate structures and require direct stablecoin wages. Best suited for community-governed DAOs that require a fully decentralized solution with on-chain payroll.

Utopia Labs Key Details

• Payroll & expense management for DAOs.
• Since 2021, primarily working with crypto-native orgs.

Important Details

• Treasury management with Gnosis Safe integration.
• Supports recurring payments, reimbursements, and financial reporting.
• Works on the major L1 & L2 chains (BNB, Avalanche, Arbitrum, Optimism).

Utopia Labs Pros:

• decentralized payroll for DAOs and crypto teams.
• Supports stablecoin governance-aligned payouts
• flexible and community-driven compensation workflows.

Cons:

• No fully developed HR or compliance system.
  • More traditional businesses may not suit this system.
• No formal documentation for payroll and no tax support.

10. Payoneer

Payoneer is a cross-border payments solution with a global footprint, especially for sending remittances to contractors and employees across the world. Payoneer does not yet offer native stablecoin payroll, however, due to its extensive use for international payroll, it may also be used with stablecoin integration via wallets or third-party conversion.

Its strengths are the global payments, compliance, and multi-currency support, and this makes it a strong candidate for companies considering hybrid payroll ecosystems involving stablecoin settlement for portions of pay. Ideal for companies needing global payout solutions, and wanting today’s stablecoin settlement integrated through APIs or partners.

Payoneer Key Details

• Global payment processing platform.
• Works with 70 currencies and over 190 countries.
• Serves over 5 million customers worldwide.

Important Details

• Offers Mastercard debit cards and multi-currency accounts.
• Offers working capital solutions.
• Publicly traded on Nasdaq (PAYO).

Payoneer Pros:

• Established global payment system.
• The system provides cross-border payments to contractors and payroll.
• Payments can be multi-jurisdictional and are regulated.

Cons:

• No payroll solution for stablecoins.
• Integration with blockchain is limited.
• There may be fees due to currency exchange and cross-border payments.

Do PayFi apps support stablecoins?

Yes, stablecoins like USDT, USDC, BUSD, and others are supported by the majority of PayFi apps. Because it enables consumers to spend digital assets without being exposed to the price volatility typical of cryptocurrencies like Bitcoin or Ethereum, stablecoin support is crucial.

Because of this, stablecoins are perfect for peer-to-peer transfers, regular payments, and merchant checkout. Stablecoins are accepted as payment methods on a number of leading PayFi platforms (including Binance Pay, Crypto.com Pay, BitPay, and Coinbase Pay), enabling consumers and merchants to conduct transactions with predictable value.

Are PayFi apps secure?

Generally yes; however, safety depends on how you use the app, and the app you choose. Most PayFi apps use safety features such as encryption, 2FA/multi-factor authentication, and cold storage. These apps also follow the anti-fraud, compliance, and user protection standards to keep the users and the merchants safe.

Apps that use cryptocurrency safety measures still require the users to:

• Use two-factor authentication and choose strong passwords
• Download apps only from verified links
• Be cautious, and secure their seed phrases and private keys
• Stay on the lookout for phishing and unauthorized access

While PayFi apps do provide great safety features, making wise choices on how you use the app, will keep you and your crypto funds safe.

Conclusion: Leading PayFi Platforms to Use Stablecoins to Pay Employees

PayFi platforms are transforming the global payroll landscape by assisting businesses in processing stablecoin payments that are faster, more transparent, and cheaper than anything available in the old banking model.

Binance Pay, Crypto.com Pay, BitPay, Coinbase Pay, Strike, Uphold Pay, Plisio, CoinsPaid, and AlfaPay allow employers to cross-border pay employees in seconds without incurring the old banking model fees associated with currency conversion and payment settlement.

To choose the ideal PayFi platform, you must consider the compliance requirements of your business, the regions you will be paying out to, and the stablecoins you will be using.

Whether you need customizable enterprise-grade reports, real-time seamless conversion to fiat currencies, or high-speed transfers with minimal fees, these platforms will offer flexible, secure, and state-of-the-art infrastructures.

FAQ