Stablecoin-focused payments platform Rain has formed a partnership with Toku, a firm specializing in compliance for digital asset compensation. This collaboration aims to offer a real-time payroll solution using stablecoins to global employers, allowing companies to manage payroll instantly across borders while adhering to local labor and tax regulations in over 100 countries.

Key Features:

• Employers can utilize stablecoins like USDC, RLUSD, and USDG for employee payments, with additional coins expected based on demand.
• The integration with payroll systems such as ADP, Workday, and Gusto enables rapid deployment of the stablecoin payroll feature.

The increasing use of stablecoins, which are cryptocurrencies linked to fiat currencies, facilitates cheaper and faster transactions. Rain emphasizes that this service could revolutionize traditional payroll methods, enabling features such as earned wage access, allowing workers to receive their pay right upon job completion.

“Payroll has remained one of the last major financial flows stuck in outdated systems,” said Farooq Malik, CEO of Rain. “By combining Rain’s on-chain infrastructure with Toku’s compliance expertise, we’re bringing the benefits of stablecoins to the most essential aspect of employment: your paycheck.”