Payroll and human resources platform Deel has launched stablecoin salary payouts and announced the formation of a dedicated crypto division, led by new head of crypto Thierry Edde.

“The new division signals Deel’s strategic commitment to building the financial infrastructure that allows any business to pay any worker, in any currency, on any payment rail, anywhere in the world,” the San Francisco-based company said in a media release on May 20. “Stablecoin salary payouts is its first major launch under dedicated leadership.”

Deel says its platform works seamlessly across both fiat and crypto rails with one compliance layer, for employees and contractors. 

“Stablecoin salary payouts…