Stablecoin salaries: cash-out costs fall on the employee
- —With a 1% fee on exchange and withdrawal, a $2,000 salary becomes $1,980
- —Galaxy Payroll Group launched its stablecoin payroll service on September 2
- —Deel updated its guidance for employers on September 17
- —USDC can only be exchanged for dollars through qualified Circle clients
Why it matters: The growth of stablecoin salaries could run into claims from employees and regulators over hidden costs and tax uncertainty.
Source: Digital Today