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BVNK Adds Plasma for Deel Stablecoin Payouts

BVNK now supports Plasma natively, and Deel is using Plasma through BVNK for stablecoin payouts to workers. BVNK describes the network route as having no network fees.

This changes the infrastructure behind a business payout. It does not establish new availability or terms for a consumer card: receiving wages over a stablecoin network and spending through a card are separate steps.

Zero network fees remove one cost component, not every possible charge. A provider fee, conversion spread or later withdrawal cost can still affect the amount a worker ultimately spends. The claim therefore cannot be read as a fee-free route from payroll to local currency.

For a worker offered this payout option, the decision starts with the supported receiving asset and network, followed by the cost of the next step into a bank account or card balance. Someone who needs local-currency wages should compare the final amount received, rather than choosing solely because the blockchain transfer carries no network fee. Plasma One is a card on the same Plasma network, so for a worker who already uses it, the remaining check is whether Plasma One accepts the asset Deel pays out.

Source: Plasma and the embedded official BVNK update on X.