According to a survey by Pantera Capital, the number of workers receiving salaries in cryptocurrency has significantly increased. More companies are now opting for stablecoins for payroll.
Increase in Workers Paid in Cryptocurrency
The survey data reveal clear progress: only 3% of workers reported being paid in cryptocurrency in 2023, and this number has risen to 9.6% in 2024. Concurrently, those paid solely in fiat have decreased from 97% to 89.1%.
Stablecoins Becoming the Choice for Payments
Among all cryptocurrencies used for salaries, USDC holds the leading position, accounting for 63% of all payouts. USDT follows with 28.6%, while other tokens like Solana and Ethereum represent only 1.9% and 1.3%, respectively. This indicates a growing recognition of stablecoins for payments.
Future of Cryptocurrency Salaries
Although the vast majority of people still receive salaries in fiat, it is anticipated that the number of cryptocurrency salaries will continue to grow in the future. This is attributed to the expanding regulatory framework and increasing institutional acceptance of cryptocurrencies.
The changes in the payroll system reflect the growing acceptance of cryptocurrencies as a legitimate payment method, especially among international teams.
