Paxos, Toku add instant yield to stablecoin payrolls

Paxos Labs has integrated its Amplify platform with payroll provider Toku so employees paid in stablecoins can earn yield on USDC, USDT and USDG held inside Toku payroll wallets. The feature applies to wallet balances and requires employees to opt in; yield begins accruing as soon as salary is received and does not require sending funds to external services or surrendering custody.

Amplify serves as the backend connection that lets employers plug in financial products such as yield and borrowing through a single integration. Toku supplies the payroll rails and wallet infrastructure. The rollout covers Toku’s payroll network, which processes more than $1 billion annually for workers in over 100 countries and integrates with payroll systems including ADP, Workday, Gusto and UKG.

Employers using Toku can offer crypto-denominated pay through an API that links to existing payroll workflows so payroll operations and compliance procedures remain unchanged. The yield feature applies only to balances held in Toku payroll wallets; employees can opt out and may withdraw funds without forced lockups or withdrawal delays tied to the yield.

Paxos and Toku did not disclose how the yield is generated or what rates employees can expect. Both companies said funds remain in user-controlled Toku wallets while yield accrues.

Stablecoin payrolls have increased as more workers use dollar-pegged tokens for income and everyday payments. A February survey commissioned by BVNK and conducted by YouGov across 15 countries found that 39% of current and prospective crypto users receive income in stablecoins and 27% use them for payments. Respondents held about $200 in stablecoins on average worldwide, rising to roughly $1,000 in higher-income markets. Those paid in stablecoins reported the tokens made up about 35% of their annual income and said they save about 40% on cross-border transfer costs compared with traditional remittance methods.

Other payroll providers are adding stablecoin options. Global payroll platform Deel has partnered with MoonPay to enable stablecoin salary payments in the UK and European Union, with plans to expand to the United States. Onchain analytics show total stablecoin market capitalization rose from about $259 billion in July 2025 to roughly $320 billion.

Paxos is a New York-based regulated blockchain infrastructure firm that issues stablecoins and provides custody and settlement services. Toku provides payroll and employer-of-record services focused on crypto-denominated pay. The integration pairs Paxos’ backend services with Toku’s payroll distribution to allow employees in Toku’s network to earn yield on wages held in payroll wallets.