Zebec has deployed its corporate payroll platform on the Stellar network. With this step, it is aimed to provide blockchain-based, instant salary and payment flows to companies’ global teams and contractors. The announcement came at a time when the activity in the Stellar ecosystem and the sharp rise in the XLM price stood out.
Corporate payroll system moved to Stellar network
With the new integration, employers will be able to distribute salaries and contractor payments in stablecoins. Employees will be able to access the funds instantly via supported digital wallets. It was reported that payments can be spent with Zebec’s Mastercard supported cards, and digital dollar balances can be converted to local currencies.
According to the information shared by Stellar, employees and contractors can instantly receive their payments into digital wallets, use these balances with cards or convert them to local currency.
Zebec also introduced a revamped corporate dashboard. It was stated that the interface particularly appeals to human resources teams that manage large international employee staff and contractor networks.
According to the information provided by the company, some European institutions and multinational employers have started the final testing phase. These institutions evaluate salary distribution, contractor payments and benefit processes.
Mini dictionary: Zebec is a fintech company developing blockchain-based payment and payroll infrastructure. Stellar, on the other hand, is known as a blockchain network that focuses especially on cross-border money transfers and payment-oriented use cases.
XLM stood out in market data
This testing process marks one of the first large-scale evaluations of Zebec’s payroll infrastructure on Stellar. According to the information shared, the focus here was not on experimental applications, but directly on real payment operations.
Zebec stated that this initiative is a continuation of the existing collaboration with Stellar. The company also pointed to Stellar’s increasingly visible role in blockchain-based payment infrastructure and cross-border financial services.
The development coincided with broader activity in the Stellar ecosystem. In the posts made on the network’s official social media accounts, instant payment capability for employees and contractors was emphasized.
According to CoinGecko data, XLM traded around $0.22, rising over 22% in the last 24 hours. During the same time period, transaction volume reached over $813 million. The intraday price range was between approximately $0.18 and $0.23.
Although the payroll announcement and the price movement occurred in the same period, available data does not establish a direct cause and effect relationship between the two developments. However, the new integration adds a new enterprise-focused use case to Stellar’s payment ecosystem in an environment where institutions continue to evaluate blockchain-based payroll systems.
