Two announcements from financial institutions this week indicate that stablecoins are starting to become an everyday currency.
Payment in Stablecoins
SectionA global payment platform serving 40,000 businesses and 1.5 million employees in 150 countries, he started DLUSD on June 3, a stablecoin backed by the USD. Contracts can hold, receive rewards, and spend without leaving the Deel app, thanks to the new crypto wallet
The products were in Argentina for the first time, as the Argentine peso lost between 20% and 40% of its dollar value in one year. In 2025, 85% of Deel’s Argentine contractors said they wanted to be paid in dollars rather than pesos. DLUSD offers them this opportunity without a US bank account.
Section to be sent Stripe’s crypto stack in one product. A bridge to the stablecoin release, Privy for wallet infrastructure, and Tempo, a blockchain focused on phase 1, in the implementation. It is the first business to combine all three. The Latin American rollout continues in the coming weeks, with Asia-Pacific, MENA, and Africa to follow.
Most importantly, contractors do not see the blockchain. They see dollar bills and can use the wallet like a traditional digital wallet from their app.
Mastercard Rewires Its Global Network
A day before, on June 2, Mastercardhe announcedit would growa fixed possibilityon its global payment network including stablecoins, supporting USDC, Ripple’s RLUSD, Paxos’ PYUSD, USDG, and USDP, and SoFiUSD’s SoFiUSD on eight blockchain networks, including Ethereum, Solana, Base, and XRPL.
The move adds intraday, weekend, and fixed holiday options along with stablecoin rails, directly addressing the issue of bank closures and currency freezes.
“The next phase of stablecoin implementation is about real world needs, especially in implementation, where time and money are very important,” he said Raj Dhamodharan, Mastercard’s Vice President of Blockchain and Digital Assets.
The Big Picture
Stablecoins he counted for nearly $46 trillion in sales volume last year, more than 20 times PayPal and nearly three times Visa. The global stablecoin market reached $317 billion in market capitalization as of April 2026, growing more than 50% in one year.
Experts now wait stablecoins represent 3% of all US payments in 2026 and 10% by 2031.
A company is using stablecoins to pay workers in countries where local currencies are falling. The second largest credit card in the world uses them to process transactions around the clock.
A note Deel Launches DLUSD to Pay Employees in Dollars – No US Bank Required appeared for the first time BeInCrypto.
