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  • Deel Empowers Global Contractors with New Stablecoin Wallet Amid Currency Volatility

    Deel Empowers Global Contractors with New Stablecoin Wallet Amid Currency Volatility

    Deel, the global workforce management company, is set to intensify its focus on digital assets as it unveils a stablecoin wallet. This innovative solution is intended to support contractors in emerging economies by maintaining the value of their income, providing rewards, and allowing global expenditure without having to leave the platform.

    The company began launching the digital wallet, which is dollar-backed, in Latin America. However, plans are afoot to extend this service to the Middle East, Africa, and the Asia-Pacific region. This forms the latest part of Deel’s broader plan to incorporate stablecoins into its global payment infrastructure. The company already enables contractors to withdraw their earnings in stablecoins and allows businesses to fund payrolls directly from stablecoin reserves. The new wallet enhances these features, permitting contractors to manage and hold digital dollar balances within their Deel accounts.

    Addressing the Issue of Currency Instability

    Deel’s recent effort addresses an increasing issue for workers in countries experiencing persistent inflation and currency devaluation. In nations such as Argentina, Ukraine, and Turkey, local currencies have seen significant fluctuations, which have eaten into the purchasing power of salaries and freelancer earnings.

    The company reports a spike in demand for dollar-pegged earnings. A case in point is Argentina, where 85 percent of contractors using the platform elected to receive payments in US dollars in 2025 instead of the local currency.

    Prior to this, contractors seeking to conserve their earnings’ value often had to transfer funds through a range of crypto platforms, foreign exchange providers, or financial applications. Deel contends that incorporating a stablecoin wallet directly into its ecosystem streamlines this procedure.

    Benefiting from the Dollar Within the Deel Ecosystem

    The wallet permits contractors to hold balances in DLUSD, Deel’s in-house dollar-pegged digital balance, which is designed to maintain parity with the US dollar and can be redeemed within the platform.

    Additionally, users can choose to participate in a rewards program backed by decentralized finance infrastructure. The company states that rewards accumulate automatically without lock-up periods, and balances remain accessible for withdrawal at any moment.

    Later this month, Deel intends to launch the Deel Card, enabling contractors to spend their stablecoin balances globally.

    The new service is supported by a combination of crypto and payment providers from the larger Stripe ecosystem. According to Deel, the wallet utilizes Bridge’s issuance infrastructure for DLUSD creation, while Privy delivers the wallet layer. Rewards are produced through the decentralized finance protocol Morpho and managed by infrastructure provider Sentora.

    Despite the crypto infrastructure that supports the service, Deel emphasizes that users deal with a simple dollar balance rather than blockchain wallets or token management tools.

    Questions & Answers

    What is the purpose of Deel’s stablecoin wallet?

    The stablecoin wallet is designed to help contractors in emerging markets maintain the value of their earnings, earn rewards, and spend globally without leaving the platform.

    How does Deel’s stablecoin wallet work?

    The wallet allows contractors to hold balances in DLUSD, Deel’s internal dollar-denominated digital balance. Users can also opt into a rewards program that accrues rewards automatically without lock-up periods.

    What is Deel’s future plan for its stablecoin wallet?

    Deel plans to introduce the Deel Card, which will enable contractors to spend their stablecoin balances globally. This move is part of Deel’s broader strategy to integrate stablecoins across its global payments infrastructure.

  • Adapting To Trade Changes: Fedex Bolsters Support For Asia Pacific Businesses Amid Market Shifts

    Adapting To Trade Changes: Fedex Bolsters Support For Asia Pacific Businesses Amid Market Shifts

    Federal Express Corporation, a world-leading express transportation company, is enhancing its support for businesses throughout the Asia Pacific. This move is in response to adapt to shifting market priorities, alterations in tariffs, and changes in customs regulations.

    In response to recent modifications to the U.S. de minimis exemption rules, FedEx arranged a series of webinars across nine markets in the Asia Pacific. These sessions attracted over 3,800 customers ranging from small- and medium-sized enterprises to multinational corporations. The webinars offered valuable insights on maintaining operational efficiencies, customs clearance, avoiding unexpected costs, and enhancing shipping automation. This has equipped businesses with the necessary tools and guidance to navigate the intricate trade environment of today.

    Trade Priorities and Market Shifts

    Feedback received after the webinars underlined two significant trends in cross-border trade priorities: Delivered Duty Paid disbursement fees and shipment duties and taxes.

    Whilst one-fourth of the APAC businesses surveyed still regard the United States as their primary market, over 40% are planning to redirect their attention to Intra-Asia (22%) and Europe (21%) over the coming year.

    Cost control and duty visibility are key concerns, with 25% of APAC businesses emphasising the need for clear pre-regulatory volatility. The difficulty of keeping pace with ever-changing rules has been cited by 27% of businesses as a significant barrier to trade.

    Salil Chari, Senior Vice President of Marketing and Customer Experience for the Asia Pacific at FedEx, stated, “We are working closely with our customers to ensure they maintain efficient access to vital markets. We are leveraging our deep regulatory expertise, innovative digital tools, and the strength of our global network to help Asia Pacific businesses improve cost and duty transparency, reduce clearance friction, and unlock new growth opportunities across the region and Europe with confidence.”

    Strengthening Cross-Border Business

    In response to businesses’ increasing demand for greater trade guidance and digital solutions to support supply chain diversification and cross-border trade expansion, FedEx plans to expand its comprehensive suite of offerings.

    FedEx is one of the leading entry-filers in the U.S. and provides 24/7 support to ensure smooth shipment movement across more than 220 countries and territories. For U.S.-bound trade requiring particular attention, FedEx’s U.S. Tariff Hub offers updated guidance on tariffs, required documentation and customs policies.

    Furthermore, 27% of APAC businesses are seeking automated tools to expedite customs clearance. To this end, FedEx continues to invest in digital trade solutions, such as the industry-leading AI-enabled Harmonized Tariff Schedule code-lookup feature and a Customs AI chatbot.

    FedEx is also working to strengthen connectivity across critical intra-Asia and Asia-Europe trade corridors to support Asia Pacific businesses looking to diversify beyond the U.S.

    Questions & Answers

    What initiatives has FedEx introduced to support businesses in the Asia Pacific?
    FedEx has arranged a series of webinars providing insights on maintaining operational efficiencies, customs clearance, and cost management. They are also expanding their suite of offerings to include automated tools for customs clearance and strengthening connectivity across critical trade corridors.

    What are the top concerns of APAC businesses according to the feedback received by FedEx?
    The top concerns are cost control, duty visibility, and the difficulty of keeping pace with changing trade regulations.

    What digital solutions has FedEx introduced to support customs clearance?
    FedEx has introduced an AI-enabled Harmonized Tariff Schedule code-lookup feature and a Customs AI chatbot to help expedite the customs clearance process.