SourceWhy global workers are driving demand for stablecoin payouts
Stablecoins offer freelancers in emerging markets a way to avoid high remittance fees and protect their income from local currency inflation. They also provide essential payment access for the unbanked population.
- Stripe surveyed over 2,300 gig workers, contractors, creators, freelancers, and marketplace sellers across 20 countries
- Found 57% of independent workers would accept stablecoin payouts if provided by platforms due to frustration with fees and slow settlement
- Demand is driven by inflation hedging in Latin America, digital wallet access in Africa, and remittance relief in the Middle East
- Platforms including DoorDash, Deel, Ramp, and Meta already enable stablecoin payouts for global workers
- In a Stripe pilot, 90% of independent workers chose to receive stablecoin payouts via the Link digital wallet