Payroll platform @deel just launched its stablecoin DLUSD, on @tempo, for contractors across its 40,000+ businesses in 150 countries.
Users can:
- Hold. A USD-denominated balance, DLUSD, that tracks USD value 1:1 and is always redeemable.
- Earn. A single-tap opt-in to accrue rewards.
- Spend. A waitlist is available for the Deel Card
What caught my eye is that the same account that pays them holds a balance that tracks the dollar 1:1. (Which is a major answer to the question, why issue your own stablecoin?)
The app works by signing in with Face ID, and there's no additional wallet, keys, or token to buy. The worker never sees a blockchain, and that's the point.
Whoever owns the paycheck increasingly owns the relationship.
Deel owns the inflow across 150 countries, and it's pointing that inflow at something workers in devaluing economies have wanted for decades: a salary that stays worth what you earned, wherever your passport says you live.
Stablecoins got famous as trading collateral. The job that matters most is this one.
Tempo is Deel's exclusive chain partner for the contractor wallet stack with DLUSD issued on Tempo. The wallet and Morpho vault for earn, all run on Tempo.
Why?
Well according to @deel
1. Passkey authentication is built into the protocol. That's why FaceID works so well and so seamlessly
2. Predictable fees paid in stablecoins. Without volatility, Deel can be sure of their economics
3. Privacy. Deel will use Tempo Zones to keep contractor privacy assured while their accounts are running directly onchain.
I think these features will become increasingly compelling as businesses look to provide new services to, and monetize their existing user base, in a way that's seamless and private.
@CoachDanGo The issue is the amounts.
Heavy on fat for 70/30 burger, heavy on carbs at 55% of the meal.
Your slice of tomato and single lettuce leaf doesn't quite add up to significant phytonutrients.
@nickimoraa I have 5 kids. We don't travel often because it's complicated. When we do, we book seats together. Booking platforms make this easy. It can be costly. Such is the cost of having a family. The joy and richness it brings life is immeasurable.
This is so much bigger than people realize.
All other models take the choices given and allow themselves to be manipulated. Grok's not falling for it.
Calling out low quality, manipulative reasoning is hard for many people. Grok presses for truth.
@Camp4 This is so timely for me, thank you for sharing!
Just recovering from a minor lower back injury from poor form on a barbell row and looking for safer options.
You can hear the echo if you listen across media outlets. A line dropped here, a shrug there, each one shifting the Overton window another inch. Until the moral ground moves beneath our feet and the unthinkable becomes speakable: that shooting up Jewish children in a synagogue nursery is somehow justified because …something something …Israel.
I was in Costa Rica for an @AppSumo offsite. My kosher food had been taken by customs. We were up north, ~7 hours drive from the Jewish community. I was eating raw fruits and veggies, almonds and canned tuna for a few days.
The organizer felt terrible the whole time, 1/4
When I was a law student in Ottawa, the local Chabad ran Friday night dinners out of a rabbi’s living room. Students everywhere. Total chaos. Total warmth.
I wasn’t religious. They didn’t care. They just welcomed me.
Years later, Lindsay and I helped build a Chabad center on that campus.
Chabad shows up for Jews everywhere. With love. With pride. With zero judgment.
No matter where you are in the world, if you’re Jewish, there’s a Chabad rabbi and rebbetzin opening their home for you.
That is extraordinary. And I’ll always be grateful.
@bhalligan Those meetings would be highly productive, assuming agenda is set in advance and people come prepared.
But you'll have less time to connect as humans, and no time to go into topics deeply.
The Rabbi there checked in after a couple hours to see if it got to me OK, which it did. I thanked him and as is usual for Chabad, he said don't hesitate to reach out if I ever needed anything else.
There are 1,000s of Chabad rabbis stationed across the world, fulfilling 3/4
Living through war and being a dad doesn't make personal fitness easy.
But I embraced all the kids being home and took the opportunity to work out with my son yesterday. For now, I'm still stronger than him. 😅