PANews reported on February 11th that, according to The Block, cryptocurrency payments company MoonPay announced a partnership with payroll and human resources platform Deel to help approximately 40,000 businesses in the UK and EU pay their employees in stablecoins. MoonPay will provide support through its fiat infrastructure subsidiary Iron, enabling businesses to directly deposit stablecoins into employees' wallet addresses. The service will initially launch in the UK and EU, with plans to expand to the US market in the future.