Rain, Toku Debut Stablecoin Payrolls for Workers in Over 100 Countries

Stablecoin-focused payments platform Rain has teamed up with Toku, a compliance provider for digital asset compensation, to bring real-time stablecoin payroll to global employers.

The system allows companies to fund and settle payroll in stablecoins instantly and across borders, while meeting local labor and tax laws in more than 100 countries, the company said.

At launch, employers can pay workers in Circle’s USDC USDC, Ripple’s RLUSD RLUSD and Global Dollar’s USDG, with more stablecoins to be added on a rolling basis based on customer demand and compliance reviews, a Rain spokesperson told CoinDesk.

Toku integrates into existing payroll systems such as ADP, Workday and Gusto, allowing clients to opt in for the stablecoin-based payroll feature in less than a week, the spokesperson added.

The new offering comes as stablecoins, a special group of cryptocurrencies with prices anchored to predominantly fiat currencies, are increasingly used for everyday transactions outside of the crypto world. Using blockchain rails, they promise cheaper, faster transfers and programmable features compared to traditional payments. Adoption has accelerated recently with U.S. lawmakers advancing legislation to create clear rules for the sector with the GENIUS Act.

Rain said the new service also makes it possible for companies to rethink how and when they pay workers, even enabling earned wage access where employees get paid as soon as they finish a job.

“Payroll has remained one of the last major financial flows stuck in outdated systems,” Farooq Malik, CEO and co-founder of Rain, said in a statament. "By combining Rain’s on-chain infrastructure with Toku’s compliance expertise, we’re bringing the benefits of stablecoins to the most important payment of all: your paycheck.”

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