YY Group Transforms Gig Pay with Regulated Stablecoin Shift

YY Group Holding Limited (NASDAQ: YYGH) is introducing regulated stablecoin-powered payments into its gig worker platform, aiming to facilitate faster, lower-cost transactions for both workers and clients. The initiative, announced on September 3, 2025, positions the company to leverage the growing global stablecoin market, which Visa On-Chain Analytics reports has seen annualized transaction volumes exceed $27 trillion in 2024, with business-to-business (B2B) payments surpassing $36 billion [1]. The integration is expected to expand YY Group’s fintech revenue opportunities, including foreign exchange (FX) conversion participation, instant settlement options, and other value-added services [1].

The platform will enable gig workers to receive earnings in either local currency or fiat-backed stablecoins such as USDT or USDC, with settlement options including instant or next-day transfers. Clients, meanwhile, will be able to pay using either traditional fiat or stablecoins, with automatic conversion processes ensuring seamless transactions without the need for direct handling of digital assets [1]. The implementation will be carried out in partnership with licensed financial service providers, ensuring compliance with stringent protocols, including Know Your Customer (KYC), Know Your Business (KYB) checks, sanctions screening, and blockchain-based transaction monitoring [1].

For YY Group, the move represents a strategic shift toward technology-enabled financial services, complementing its core operations in on-demand staffing and integrated facility management (IFM). By embedding stablecoin infrastructure into its ecosystem, the company is laying the groundwork for future high-margin services such as FX conversion revenue sharing, instant withdrawal fees, and embedded lending [1]. As stablecoin transaction volumes grow, YY Group aims to activate these monetization opportunities in a way that diversifies its revenue streams and strengthens its overall profitability. This aligns with broader industry trends, including regulatory developments such as the U.S. GENIUS Act, the European Union’s MiCA framework, and Singapore’s stablecoin regime, which have collectively encouraged enterprise adoption of regulated stablecoins [1].

The gig economy is already characterized by cross-border transactions and high-volume user activity, making it an ideal environment for stablecoin adoption. With over 659 million digital currency holders globally, and higher average transaction values compared to traditional payment users, the market presents significant growth potential [1]. YY Group’s stablecoin integration is expected to enhance financial inclusion and liquidity for gig workers, who will benefit from faster access to earnings and reduced transaction costs. For clients, the system will streamline cross-border payments and reduce associated risks.

Looking ahead, YY Group views stablecoin payments as a long-term enabler for its gig worker platform. The company plans to expand these capabilities in response to market demand and intends to deepen its fintech ecosystem by forming new strategic partnerships [1]. This initiative supports YY Group’s broader digital transformation, which includes AI-driven recruitment platforms, robotic integration for service delivery, and IoT-enabled systems for workforce management. The company’s recent acquisition of Pest Fighter Management Pte. Ltd., a Singapore-based pest control firm, also highlights its strategy of diversifying its integrated facility management offerings [3].

Source: [1] YY Group is Bringing Stablecoin Payments to its Gig Worker Platform (https://www.globenewswire.com/news-release/2025/09/03/3143825/0/en/YY-Group-is-Bringing-Stablecoin-Payments-to-its-Gig-Worker-Platform.html) [2] Wyoming Trials State-Issued Stablecoin for Contractor ... (https://www.pymnts.com/news/faster-payments/2025/wyoming-tests-use-of-state-issued-stablecoin-for-contractor-payments/) [3] YY Group to integrate stablecoin payments into gig worker ... (https://www.investing.com/news/company-news/yy-group-to-integrate-stablecoin-payments-into-gig-worker-platform-93CH-4222139)