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Global payroll provider Remote is allowing the United States-based companies it serves to pay their contractors in 69 countries in USD Coin. The new option is an extension of Remote’s offerings in conjunction with payment provider Stripe.
<h2 id="fast-and-stable-compensation">Fast and stable compensation</h2>
“Stablecoin payments complement Remote’s powerful automation features for onboarding, invoicing, and paying contractors,” according to the company’s <a data-ct-non-breakable="null" href="https://remote.com/news/remote-teams-with-stripe-to-introduce-easy-compliant-stablecoin-payouts-for" rel="null" target="null" text="null" title="null">announcement</a>. Contractor management capabilities are growing fast, the company said, reflecting a post-COVID shift in global hiring models.
Contractors can receive Circle’s USD Coin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/usdc-price-index" rel="null" target="null" text="null" title="null">USDC</a>) on a Base wallet address. Base is <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/articles/what-is-base-coinbase-l2-network" rel="null" target="null" text="null" title="null">the Coinbase layer-2 network</a> launched in August 2023. Remote’s employer customers will pay for the service in US dollars. Remote co-founder and CEO Job van der Voort said:
<blockquote>
 “We’re adding a feature that has been highly requested by our customers, enabling them to pay contractors how they prefer, while maintaining the compliance and simplicity Remote is known for.”
</blockquote>
The dollar-pegged USDC makes it possible for recipients to store value in the US currency, which in many countries <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-salary-crypto-paychecks-economic-instability" rel="" target="_self" text="null" title="https://cointelegraph.com/news/bitcoin-salary-crypto-paychecks-economic-instability">provides a hedge against inflation</a> and other economic instability. Stripe allows accounts to be settled nearly instantly rather than waiting on bank transfers and foreign exchange procedures.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/paxos-stablecoin-payment-platform-stripe-client" rel="" target="_self" text="null" title="https://cointelegraph.com/news/paxos-stablecoin-payment-platform-stripe-client">Paxos debuts new stablecoin payment platform with&nbsp;Stripe</a>
<h2 id="stripe-has-returned-to-crypto">Stripe has returned to crypto</h2>
Previously, Remote payments provided through Stripe Connect were available in the recipient’s local currency only, aside from a few European currencies available to European recipients. Remote conducts Know Your Customer (KYC) verification during its contractor onboarding, and Stripe conducts a separate KYC process.
<figure>
 <img alt="Remote, Stripe enable USDC payments for global contractors" src="https://s3.cointelegraph.com/uploads/2024-12/0193d5d7-8dee-74c1-889b-629786b9f5ca" title="">
 <figcaption style="text-align: center;">
 Source: <a data-ct-non-breakable="null" href="https://x.com/marcelo_lebre/status/1869051792086180230" rel="nofollow noopener" target="_blank" text="null" title="https://x.com/marcelo_lebre/status/1869051792086180230">Marcelo Lebre</a>
 </figcaption>
</figure>
Stripe <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/stripe-brings-back-crypto-payments-stablecoin" rel="" target="_self" text="null" title="https://cointelegraph.com/news/stripe-brings-back-crypto-payments-stablecoin">began offering USDC payment</a> services in the summer of 2024. It has had no crypto services since 2018, when it discontinued its Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) payment option. It was the first major payment service provider to offer BTC when it adopted it in 2014.
Stripe <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/coinbase-stripe-form-partnership-onboarding" rel="" target="_self" text="null" title="https://cointelegraph.com/news/coinbase-stripe-form-partnership-onboarding">reached an agreement</a> with Coinbase in June on USDC support on&nbsp;Base. Stripe <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/stripe-stablecoin-payments-global-adoption-70-countries" rel="null" target="null" text="null" title="null">initiated its USDC payment</a> service in October.
Magazine:&nbsp;<a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/big-questions-can-bitcoin-payments-make-a-comeback/" rel="" target="_self" text="null" title="https://cointelegraph.com/magazine/big-questions-can-bitcoin-payments-make-a-comeback/">Big Questions: How can Bitcoin payments stage a comeback?</a>
&nbsp;

Remote, Stripe enable USDC payments for global contractors

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