The increase in the adoption of hybrid wages that combine digital and traditional currencies and allow employees to divide their wages between the two types, and to invest or expend gradually via the third web 3 (web3).
The number of workers receiving their wages in digital currencies has doubled more than 3 times last year, and the USDC became the most used digital assets to pay wages, according to a survey carried out by Pantera Capital on the use of blockchain to pay for blockchain competition for 2024.
In 2023, only 3% of participants in the survey declared that they had received part of their salary in digital currencies, while the percentage increased to 9.6% in 2024, with the increase in the orientation of blockchain companies and independent decentralized organizations (DAO) more and more the use of stable currencies and digital currencies to pay for employees and shareholders.
The percentage of workers who receive their wages in traditional currencies only increased from 97% to 89.1%, which reflects the desire of companies to use digital assets in daily operations, especially in jobs that require a trip outside the country or work in decentralized systems.
Stable currencies are the preferred option to pay wages in digital currencies, and the USDC is at the top of the scene
The survey indicated that the USDC represents the preferred option for employees who receive their remuneration in digital currencies, because this stable currency associated with the US dollar (USD) contributed 63% of the total of the wages of digital currencies, greater than the USDT attachment, which contributed 28.6%, while other currencies contributed to low proportions, 1.9% Solara -Sol and 1.3% for Ethereum -Th.
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The Pantera survey included a wide range of blockchain workers, including software developers, product managers, legal affairs and operations. These results indicate that stable currencies are no longer limited to negotiation pairs or functional uses in decentralized financing (DEFI), but rather – more and more – have become a useful tool for paying wages and carrying out international payment operations.
USDC to pay wages is reinforced by the monthly disclosure of reserves
The use of blockchain to pay remuneration offers many advantages, in particular for teams distributed worldwide, because stable currencies allow transactions quickly and less transfer fees, as well as to provide an easy way to reach the value of the US dollar in fields that suffer from banking restrictions or fluctuations in local money rates.
The results also indicate growing confidence in the USDC in terms of organizational compliance and transparency, in particular after the company export company of the company began to publish detailed monthly reports on reserves and access to the US Treasury bonds.
More employees choose to divide their wages between traditional and digital currencies
Although the full payment of wages in digital currencies is still limited, hybrid models are increasingly popular, because many companies allow employees to divide their remuneration between traditional currencies and digital assets, which gives them the possibility of progressive investment in the CRAPTO market through the average cost strategy in dollars (DCA), or direct expenses using the third governor Web3. The Pantera report was not indicated to the variation of use according to the geographic areas, and it is likely that the payment of wages in digital currencies is partly allocated to teams and entrepreneurs residing in Asia which depend on stable currencies to carry out international payment operations at a low cost.
The increase in payment of compensation via the blockchain comes with the growing number of chipo companies giving the official nature to their operations; While cash management and salary payment methods immediately improve with the growth of accounting platforms specially designed for digital assets, logistical obstacles have started to pay the wages of digital currencies that have gradually discolored.
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