distribution · May 21, 2026
Upwork Extends Payoneer Partnership to Test Stablecoin Payouts
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Upwork renewed and expanded its long-running partnership with Payoneer on May 18, 2026. The extended agreement supports testing of stablecoin payouts alongside existing wallet and direct-to-local-bank rails for freelancers. Upwork faces guidance cuts, a 24% workforce reduction, and a legal probe into disclosures at the time of the renewal. Payoneer’s reach across 190 countries helps Upwork maintain reliable payouts for international customers.
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