How Deel built its stablecoin wallet for global contractors on Tempo

Deel built a dollar-backed stablecoin wallet for contractors across 80+ countries in LATAM, Africa, the Middle East, and APAC, embedded inside the platform 40,000+ businesses already use to hire and pay global workers. Tempo is the exclusive chain partner for the wallet stack, the DLUSD stablecoin behind it, and the Morpho-powered earn product on top.

At a glance

• 40,000+ — Businesses
• 150+ — Countries
• 84.6% — Argentine contractors choosing USD

Deel Earn results

• 74% — payout recipients deposited into Earn
• 85% — 30-day Earn retention
• 60% — Eligible users actively earning
• +72% — Earn balance growth after 30 days

Compares each cohort’s combined Earn balance after 30 days with its starting balance. Includes rewards earned, but growth is largely driven by net deposits.

Millions of contractors around the world watch their earnings lose value the moment they land. Today we give them the infrastructure to change that: a dollar-backed balance inside the platform they already use, rewards that accrue automatically, and a card to spend anywhere. No new account or learning curve required.

— Thierry Edde, Head of Crypto, Deel

The challenge

Deel powers payroll for more than 40,000 businesses across 150 countries, but for contractors in much of the world, getting paid in dollars has not meant being able to hold dollars. A worker in Buenos Aires would receive USD on the Deel side, then watch it convert to pesos the moment they accessed it locally. In 2025, 84.6% of Argentine contractors on Deel chose to be paid in USD over pesos, and the same pattern shows up across emerging markets.

The reason is that local earnings have become increasingly unreliable. The Argentine peso lost more than 50% of its value against the dollar in a single year, and accessing dollars to hedge against that remains difficult. Government restrictions cap how much workers can buy, local banks impose heavy documentation requirements and minimum balances, and many don't offer USD accounts at all.

Deel had already shipped stablecoin payroll for businesses in January 2026 and USD salary for US and Eurozone employees in May 2026. What contractors still lacked was a way to hold dollar balances inside Deel, earn rewards on them, and spend globally without ever leaving the platform. Building that meant a complete consumer wallet experience, and the technical bar was high: the wallet had to be self-custodial on the user side, embedded inside Deel, and able to support holding, earning, onchain withdrawal, and a card on top.

Millions of contractors around the world watch their earnings lose value the moment they land. Today we give them the infrastructure to change that: a dollar-backed balance inside the platform they already use, rewards that accrue automatically, and a card to spend anywhere. No new account or learning curve required.

— Thierry Edde, Head of Crypto, Deel

Why Tempo

Deel evaluated several chains before committing to the architecture. Three Tempo capabilities mattered most.

Native account abstraction. Passkey authentication, transaction batching, and fee sponsorship are built into the protocol. That is what lets a contractor sign in with Face ID, never touch a private key, and have Deel sponsor fees on their behalf.

Fixed, predictable fees paid in stablecoins. Every Tempo transaction costs $0.001, paid in stablecoins with no account rent. Tempo doesn't charge a storage deposit to keep accounts in state. For a wallet operating at consumer scale with small per-user balances, that combination of fee predictability, no rent overhead, and no exposure to a volatile native token were prerequisites. Deel also wanted a chain purpose-built for payments, one where payroll-grade reliability wouldn't compete with trading volumes.

Privacy at the protocol level. Deel uses Tempo Zones to keep contractor wallet balances and payout history confidential from public view, while preserving auditable access for Deel.

What Deel built

Deel partnered with Bridge to issue DLUSD, the USD-backed stablecoin that backs every wallet balance. Bridge issues DLUSD on Tempo, with reserves and redemption mechanics designed to track USD value 1:1.

Privy provisions the embedded wallets that hold DLUSD on the Deel platform. Wallets are created automatically for any contractor who has completed identity verification on Deel. Passkey authentication on Tempo means workers sign in with Face ID or device biometrics, with no seed phrase, no private key, and no separate app to download. Fee sponsorship at the protocol level means Deel covers transaction fees so contractors never need to hold a separate gas asset.

Deel's launch video shows the wallet interface for holding DLUSD, opting into earn, and spending with the Deel Card.

View Deel's original launch post on X.

The earn product is built on Morpho vaults deployed on Tempo. Contractors who opt into earn with a single tap become eligible to accrue onchain rewards with their idle DLUSD balance. There is no lock-up and no minimum holding period. Access to the earn flow is gated by closed-loop allowlisting at the chain level, ensuring only verified Deel contractors can route funds into the vault. Workers can withdraw at any time, redeem to USD inside Deel, or move funds onchain to any external wallet as USDC or USDT.

The Deel Card sits on top of the wallet, giving contractors a card that draws from their DLUSD balance and works globally.

Tempo is also a supported chain for Deel's broader stablecoin payouts product, in market since January 2026. That means a single chain now carries Deel's full stablecoin loop: businesses fund payroll in stablecoins on Tempo, contractors receive earnings into a Tempo wallet, hold them as DLUSD, opt into earn, and spend via card. No bridging, no FX, no chain-hopping between funding and spend.

Now live in 80+ countries

The wallet is now live for eligible contractors in 80+ countries across LATAM, Africa, the Middle East, and APAC.

Learn more

• Explore cross border payments
• Learn about stablecoins
• Browse the ecosystem