Stablecoins: Wise Hints at a Digital Asset Future
Hey Payments Fanatic!
Global money transfer leader Wise is stepping into the future of finance by hiring a Digital Asset Product Lead to explore stablecoin integration. The London-based role was posted on LinkedIn and attracted over 100 applicants within days.
This move aligns with global trends in the field. As stablecoins like USDC and EURC gain traction in cross-border payments, spearheaded by none other than Visa, Wise may soon offer users the ability to hold digital assets inside their accounts.
Backed by impressive 2024 earnings of £979.9M in revenue and £345.6M in profit, Wise is well-positioned to innovate. The company serves customers in over 160 countries and supports more than 40 currencies.
With stablecoin technology, they could boost transaction speed, cut remittance costs, and enhance user experience.
Stablecoins allow value to move digitally without banking intermediaries, enhancing efficiency and lowering transfer costs. Retail users are already adopting these technologies for everyday financial needs. Wise could leverage stablecoin infrastructure to streamline operations across its international services.
The timing couldn’t be better. The GENIUS Act in the U.S. and upcoming UK regulations (expected by 2026) are paving a clearer path for crypto adoption.
Although GBP-backed stablecoins remain limited, USD-pegged options dominate globally, an area Wise may tap into first.
As regulatory landscapes evolve and demand for affordable, fast global payments grows, Wise’s move signals more than a job post. It actually marks a strategic step toward the next generation of borderless finance.
This development opens new conversations in FinTech. If you have thoughts, I welcome your input.
Cheers,
INSIGHTS
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