Rain and Toku Launch Stablecoin Payroll System for Global Employers
Rain has partnered with Toku to introduce a real-time stablecoin payroll system for global employers. Key features of the service include:
- Instant funding and settlement of payroll in stablecoins across more than 100 countries
- Compliance with local labor and tax laws
- Initial payment options include USDC, RLUSD, and USDG
- Integration with existing payroll systems like ADP, Workday, and Gusto
- Potential for earned wage access, allowing employees to receive payment immediately after completing work
The adoption of stablecoins is increasing, particularly as U.S. lawmakers advance legislation to regulate the sector through the GENIUS Act. Rain's CEO highlighted the transformation of payroll systems using blockchain technology for improved efficiency.