by Jude Ayua
Remote, a leading global human resources platform and payroll provider, has partnered with Stripe to facilitate stablecoin payments for international contract workers. Remote announced the partnership on 17 December, stating it would enable US-based businesses to pay contract workers in 69 countries using the USDC stablecoin. The development will address one prevailing challenge in international talent acquisition that is limiting seamless and reliable global payments.
“One of the biggest hurdles companies face when hiring international talent is providing fast, flexible, and reliable payments around the world,” said Remote CEO and Co-founder Job van der Voort. “With the introduction of stablecoin payouts via Stripe, we’re adding a feature that has been highly requested by our customers, enabling them to pay contractors how they prefer, while maintaining the compliance and simplicity Remote is known for,” Job added.
While employers will pay out in US dollars, contractors can receive payments in USDC via a personal Base Network Wallet Address. The process promises to be near-instantaneous, secure, and streamline the payroll process for globally distributed teams. Remote’s automation features make onboarding, invoicing, and payment management easier to enable companies to adopt flexible, borderless workforce models.
Read also: Circle and Binance partner to boost global USDC and crypto adoption.
Impact on the global labor market
Remote’s innovation reflects a growing trend where digital assets, especially stablecoins, are transforming payment systems. Stablecoins reduce reliance on traditional banking systems and enable equitable access to global opportunities, especially for workers in regions with limited financial infrastructure. It further shows how blockchain payment solutions are addressing inefficiencies of traditional cross-border payment systems such as high rates, hidden fees, slow processing times, and multiple intermediaries.
This innovation offers employers a cost-effective opportunity to access and attract global talents. It would empower businesses to compete in an increasingly remote and decentralized labor market. For international employees, faster payments in stablecoins will be an alternative to conventional payment methods that help them avoid currency exchange restrictions and preserve value.
Read also: Stablecoins gain traction, threatening bitcoin’s dominance.
Advancing digital asset adoption
As the adoption of blockchain technology in practical, high-impact use cases increases globally, stablecoins are also gaining traction as cross-border payment tools, with reduced costs and enhanced transparency. PYMNTS has noted stablecoins’ emergence as a promising solution for mainstream transactions, especially in cross-border payments. Stablecoins’ stability and efficiency make them a reliable option for businesses seeking to transact and expand globally without encountering frictions associated with traditional fiat currencies.
With digital assets becoming widely accepted, initiatives like Remote’s stablecoin payroll will potentially accelerate their adoption and strengthen the integration of blockchain technology in the labor market.
Read also: Coinbase delists multiple stablecoins in EU markets.
Jude Ayua is a policy analyst at CAB. A lawyer, Jude is an associate at Infusion Lawyers where he is a member of the Blockchain & Virtual Assets Group. He is also a member of the Policy & Regulations Committee of the Stakeholders in Blockchain Technology Association of Nigeria (SiBAN). Jude reports and writes on crypto policy and regulations. jude@infusionlawyers.com
