USDC Leads 3x Rise in Crypto-Based Salary Payments Over Past Year: Survey
Main Idea
The use of crypto for payroll is increasing, with USDC becoming the dominant choice for crypto salaries, as shown by Pantera Capital’s 2024 Blockchain Compensation Survey.
Key Points
1. In 2024, 9.6% of respondents reported receiving part of their salary in crypto, up from 3% in 2023, while those paid exclusively in fiat dropped from 97% to 89.1%.
2. USDC accounted for 63% of all crypto salaries, far outpacing USDT (28.6%), with other tokens like Solana and Ethereum making up smaller shares (1.9% and 1.3%, respectively).
3. The survey highlights growing confidence in USDC’s reputation and the broader adoption of stablecoins for payroll in blockchain-native firms and decentralized ecosystems.
Description
The share of workers paid in cryptocurrency has more than tripled over the past year, with USDC emerging as the most popular digital asset for payroll, according to Pantera Capital’s 2024 Blockchain Compensation Survey . In 2023, only 3% of respondents reported receiving any part of their salary in crypto. That figure jumped to 9.6% in 2024, as blockchain-native firms and DAOs increasingly turned to stablecoins and tokens to compensate employees and contributors. At the same time, the share of w...
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