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3w ago

USDC Emerges as Dominant Stablecoin in Crypto Payroll Surge

Circle’s regulatory approvals, upgraded payroll infrastructure, transparent reserve disclosures have bolstered USDC’s credibility; this shift has led crypto firms to favor it over other stablecoins.

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USDC
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Overview

  • Pantera Capital’s 2024 Blockchain Compensation Survey found that 9.6% of crypto industry professionals received salaries in digital assets, up from just 3% in 2023.
  • USDC accounted for 63% of all reported crypto payrolls, while USDT and other tokens trailed behind, combining with USDC to cover over 90% of payouts.
  • Major payroll providers such as Deel, Remote and Rippling do not support USDT for salary payments, reinforcing USDC’s lead in employer adoption.
  • The share of employees paid exclusively in fiat fell to 89.1% in 2024, and nearly 88% of token-based compensation packages now follow four-year vesting schedules.
  • Circle’s partnership with Intercontinental Exchange, application for a federal trust bank charter, monthly reserve reports and the GENIUS Act have strengthened institutional trust in USDC.