Wise, the international currency exchange and payment platform, is looking for a digital-asset product lead with expertise in stablecoins, indicating a potential expansion into the cryptocurrency sector as global regulations improve.
Last week, Wise’s product director, Matthew Salisbury, shared the job opening on LinkedIn. The position is based in London, the location of Wise’s global headquarters.
“If you’ve developed wallets and/or payment solutions using stablecoins and want to make an impact at Wise, apply through the ad or DM me,” Salisbury mentioned.
The LinkedIn listing has already garnered interest from over 100 applicants. The selected candidate will join Wise’s Accounts team to enhance product offerings and investigate how customers can manage digital assets within their Wise accounts.
Candidates should have a minimum of five years of product management experience and a strong background in launching business-to-consumer products in the digital asset or blockchain fields.
Previously called TransferWise, Wise is renowned for low-fee international money transfers, operating in over 160 countries across 40 currencies. In 2024, Wise reported revenue of £979.9 million ($1.23 billion) and profit of £345.6 million ($443 million).
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Wise and stablecoin payments: Assessing the potential
The method by which Wise will implement stablecoin payment systems remains unclear. However, stablecoin technology is often viewed as a means to expedite international money transfers and enhance efficiency by removing traditional banking intermediaries.
Recently, Visa initiated a pilot program utilizing stablecoins USDC (USDC) and EURC (EURC) to assist financial institutions with cross-border payments. Conversely, Wise primarily caters to retail users who are already exploring stablecoins for comparable needs.
According to Chainalysis, Latin America and Africa rank among the fastest-growing regions for stablecoin adoption, driven by reduced remittance costs and currency fluctuations.
“In these areas, the retail adoption of stablecoins is largely fueled by their effectiveness for low-cost remittances, secure savings in volatile currency environments, and access to DeFi services like lending and staking,” Chainalysis noted in a December report.
This development occurs against a backdrop of a more supportive regulatory climate for stablecoin adoption in the United States, following the passing of the GENIUS Act. In contrast, progress in Wise’s home market, the United Kingdom, has been slower, with regulators aiming to implement new stablecoin regulations by the end of 2026.
Consequently, stablecoins pegged to the US dollar continue to dominate the market, while alternatives based on the British pound hold a minimal share of total fiat-backed stablecoins available.
Related: BoE signals flexibility on stablecoin caps amid industry pushback: Report
