1.5M workers across 150+ countries gives Stripe a distribution wedge for enterprise-issued stables: Bridge mints DLUSD, Privy hides custody, Tempo gets settlement flow, and Morpho turns idle payroll balances into rewards. Deel’s own disclaimer does a lot of work: DLUSD is not a bank account or legal tender, rewards are promotional rather than yield, and balances are not FDIC/FSCS insured. If Argentina proves retention, every EOR/payroll app is going to try the same captive float play before contractors ever touch USDC, Binance P2P, or their local bank.

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