diff --git a/changelog/fix-10038-payout-currency-sort b/changelog/fix-10038-payout-currency-sort
new file mode 100644
index 00000000000..54a89873c71
--- /dev/null
+++ b/changelog/fix-10038-payout-currency-sort
@@ -0,0 +1,4 @@
+Significance: patch
+Type: fix
+
+Fix transaction list sorting by payout currency
diff --git a/client/transactions/list/index.tsx b/client/transactions/list/index.tsx
index a4d9abc852a..6f2c68a590d 100644
--- a/client/transactions/list/index.tsx
+++ b/client/transactions/list/index.tsx
@@ -202,7 +202,7 @@ const getColumns = (
 			visible: false,
 		},
 		{
-			key: 'deposit_currency',
+			key: 'currency',
 			label: __( 'Payout Currency', 'woocommerce-payments' ),
 			screenReaderLabel: __( 'Payout Currency', 'woocommerce-payments' ),
 			isSortable: true,
@@ -537,7 +537,7 @@ export const TransactionsList = (
 				display: clickable( txn.customer_currency.toUpperCase() ),
 			},
 			customer_amount: formatCustomerAmount(),
-			deposit_currency: {
+			currency: {
 				value: txn.currency.toUpperCase(),
 				display: clickable( txn.currency.toUpperCase() ),
 			},