For Employees
What is stablecoin payroll?
What is stablecoin payroll?
Stablecoin payroll allows you to receive part or all of your pay in stablecoins (like USDC) instead of traditional bank deposits. Stablecoins are digital currencies pegged to the US dollar.
Do I have to use stablecoin payments?
Do I have to use stablecoin payments?
No, it’s optional. You can continue receiving 100% of your pay via traditional bank deposit if you prefer.
What stablecoins can I receive?
What stablecoins can I receive?
Typically USDC, though your employer may offer other options like USDT or DAI. Check your payroll settings to see what’s available.
Is it safe?
Is it safe?
Stablecoins like USDC are designed to maintain a 1:1 value with USD. However, they are digital assets with some risk. The value is stable but not guaranteed by the government like bank deposits.
What wallet should I use?
What wallet should I use?
We recommend self-custody wallets like MetaMask, Coinbase Wallet, or Rainbow. Avoid using exchange deposit addresses as your primary wallet.
How do I set up a wallet?
How do I set up a wallet?
Download a wallet app, create a new wallet, securely store your recovery phrase, and copy your wallet address into Toku.
Can I change my split percentage?
Can I change my split percentage?
Yes, you can change how much goes to your bank vs. your wallet at any time. Changes apply to the next pay cycle.
Are stablecoin payments taxed?
Are stablecoin payments taxed?
Yes, stablecoin compensation is taxable income just like regular pay. Your employer withholds taxes the same way regardless of payment method.
What if I sent it to the wrong address?
What if I sent it to the wrong address?
Crypto sent to the wrong address typically cannot be recovered. Always double-check your wallet address before saving it.
I don't see my stablecoins in my wallet
I don't see my stablecoins in my wallet
Make sure you’re on the correct network and that you’ve added the stablecoin token to your wallet. Check the transaction hash on a block explorer to confirm the transfer.
For Employers
How do I enable stablecoin payroll?
How do I enable stablecoin payroll?
Go to Settings > Payroll, enable stablecoin payroll, configure the stablecoins and networks you want to offer, and set employee options.
What stablecoins should we offer?
What stablecoins should we offer?
USDC on Polygon is the most common choice — it’s widely supported, compliant, and has low transaction fees. You can offer additional options based on employee preferences.
How do we fund stablecoin payments?
How do we fund stablecoin payments?
Connect your custody provider (Fireblocks, Coinbase, etc.) and ensure you have sufficient stablecoin balance to cover payroll.
How is tax withholding handled?
How is tax withholding handled?
Toku calculates and applies tax withholding the same way for stablecoin payments as traditional payments. Net pay (after withholding) is what gets converted to stablecoins.
Can we limit who can opt in?
Can we limit who can opt in?
Yes, you can configure eligibility by department, location, or other criteria. You can also require approval for each enrollment.
What reporting is available?
What reporting is available?
Toku provides payroll summaries, employee payment reports, tax withholding reports, and stablecoin transaction records.
How do we handle employees in different jurisdictions?
How do we handle employees in different jurisdictions?
Toku handles tax withholding according to each employee’s jurisdiction. Some locations may have restrictions on stablecoin payments.
What if an employee enters the wrong wallet address?
What if an employee enters the wrong wallet address?
Employees are responsible for providing correct wallet addresses. We recommend requiring wallet verification before the first payment.
General
What is USDC?
What is USDC?
USDC (USD Coin) is a stablecoin issued by Circle, designed to maintain a 1:1 value with the US dollar. It’s one of the most widely used and regulated stablecoins.
What networks are supported?
What networks are supported?
Common networks include Ethereum, Polygon, Arbitrum, and Optimism. The specific options depend on your employer’s configuration.
What are gas fees?
What are gas fees?
Gas fees are transaction costs on blockchain networks. Toku typically covers these fees for payroll payments, but employees may incur fees when moving or using their stablecoins.
How do I contact support?
How do I contact support?
Email [email protected] or visit the Support page for help.
Still Have Questions?
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