Redefining Pay: Hold, Earn, and Spend with Deel Stablecoin Wallet

For the first time, contractors can get paid, hold, earn and spend, all inside the same app.

For millions of contractors in Latin America, this changes everything. Because a paycheck arrives and immediately starts losing value. Exchanges, fees, inflation, it all takes a cut. A single paycheck can touch ten different apps before it serves its purpose—saving, spending, or earning.

Today, Deel’s changing that.

We're introducing the Deel stablecoin wallet. A dollar-backed balance inside Deel where contractors can hold earnings in a stable currency, be eligible to earn rewards, and spend anywhere via the Deel card—no crypto exchange, separate accounts, or steep learning curve. All without leaving the platform they already use to get paid.

This is a new chapter for how the world gets paid.

Hold pay in a stable currency

Every contractor in a volatile-currency market knows the feeling—the payment lands, and the work of protecting it begins. A separate app. A separate account. A race against the exchange rate. In markets where a salary paid in local currency can lose 20–40% of its value in a single year, a dollar-backed balance isn't a preference, it's protection.

The stablecoin wallet solves that. Instead of moving money out of Deel to find stability, contractors maintain their earnings in a dollar-denominated balance. Funds are held as DLUSD—Deel's USD-denominated digital balance, designed to track USD value at 1:1, that's always redeemable for USD value within the platform. It's stable, accessible, and independent of local currency volatility.

Moving funds takes a tap. Moving them back out is just as easy—instant, with no lock-up or minimums. Contractors stay in control of their money at every step, without needing to understand a single thing about how blockchain works.

Earn on your balance, effortlessly

Holding in dollars protects your earnings from the moment they land. Earn takes it one step further—offering a balance that doesn't just hold its value, but rewards you for keeping it on the platform.

With one tap, contractors opt into Earn and become eligible to earn rewards on their balance. Rewards accrue from that moment forward, and the full balance, including any accrued rewards, is available to withdraw at any time, fully or partially, with no lock-up or penalty.

Spend your stablecoin balance, everywhere

Most wallets let you hold. Some let you earn. With the Deel Card, contractors can spend their stablecoin balance directly—no conversions, separate accounts, or extra steps. The card is linked directly to their stablecoin wallet, so they can spend their DLUSD balance worldwide.

The card is coming later this year—the first card that lets contractors spend their stablecoin balance anywhere, directly from Deel.

Always in control

Contractors can move their wallet balance back to Deel balance instantly at any time, with no costs, minimum holding period, or lock-up. From there, funds follow the same withdrawal flow they already use—the balance is always accessible, always theirs.

Starting in Latin America. Built for the world.

Today, the Deel stablecoin wallet launches in Latin America, starting with early access in Argentina. Contractors in remaining LATAM countries will be onboarded over the next few weeks, with APAC, MENA, and Africa to follow. Contractors who've completed KYC on Deel are eligible.

From a paycheck to your money home

Already a contractor on Deel? Access the stablecoin wallet via Finance in the Deel app. Hiring contractors globally? The stablecoin wallet is part of Deel's core contractor offering—no setup, or extra costs, available by default in eligible markets.