XLM jumps 22 percent while Stellar welcomes major payroll move! What are the details?

Payroll platform finds a new home in Stellar

Through this integration, employers can now pay salaries and contractor fees in stablecoins, while workers get immediate access to their funds through supported digital wallets. According to the announcement, payments can be spent with Zebec’s Mastercard-supported cards, and digital dollar balances can be easily converted to local currencies as needed.

According to information shared by Stellar, employees and contractors receive their payments instantly into digital wallets, spend funds via cards, or convert balances to their local currencies.

Alongside the payroll integration, Zebec introduced an upgraded corporate dashboard tailored especially for HR teams managing international staff and large contractor networks. The refreshed interface aims to streamline operations for businesses with complex workforce structures.

Zebec reports that the solution is already being piloted with several European institutions and multinational employers. These partners are currently in the final testing phase, evaluating the system’s performance for salary payments, contractor compensation, and managing company benefits.

Glossary: Zebec is a fintech firm specializing in blockchain-based payment and payroll infrastructure. Stellar is a blockchain network favored for cross border money transfers and payment use cases.

XLM stands out in market data

The trial represents one of the first large-scale evaluations of Zebec’s payroll infrastructure on Stellar. Unlike limited-scale prototype projects, this pilot places a clear focus on using real-world payroll and payment operations.

Zebec emphasized that this initiative continues its existing collaboration with Stellar. The company also pointed to Stellar’s growing prominence in blockchain-powered payments and cross border financial services.

This development has coincided with a period of growing momentum in the Stellar ecosystem. Official posts on Stellar’s social media have highlighted the power of instant payments for employees and contractors globally.

According to CoinGecko data, XLM surged more than 22 percent over the past 24 hours, trading at around $0.22. During the same time frame, trading volume exceeded $813 million. The intraday price ranged between approximately $0.18 and $0.23.

Although the payroll announcement and the jump in price happened simultaneously, current data does not confirm a direct cause and effect relationship. Nevertheless, the new integration delivers a fresh enterprise use case for blockchain-based payroll on Stellar, as organizations continue to explore blockchain-driven payroll and payment solutions.