Wise, the global foreign exchange and payments platform, is hiring a digital assets product manager with a focus on stablecoins, a move that could signal the company’s expansion into the cryptocurrency space amid improving global regulation.
Wise Chief Product Officer Matthew Salisbury posted the position on LinkedIn last week. The role will be based in London, where Wise’s global headquarters are located.
“If you have built stablecoin-based wallets and/or payment solution and now want to do so at Wise, apply via the ad or send me a private message,” Salisbury wrote.
According to LinkedIn registrationwhich has already attracted interest from over 100 applicants, the successful candidate will join Wise’s accounts team to help expand its product offering and explore how customers could hold digital assets in their Wise accounts.
The company is looking for candidates with at least five years of product management experience and proven experience launching business-to-consumer products in the digital asset or blockchain space.
Wise, formerly known as TransferWise, is best known for offering low-cost international money transfers in over 160 countries and 40 currencies. In 2024, the company reported revenue of £979.9 million ($1.23 billion) and profit of £345.6 million ($443 million).
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Wise and stable payments: assessing the potential
It remains unclear if and how Wise will adopt stable payment rails. Stablecoin technology is widely seen as a way to make international money transfers faster and more efficient by allowing digital dollars to circulate without traditional banking intermediaries.
Last month, Visa launched a pilot program using USDC stablecoins (USDC) and EURC (EURC) to help financial institutions facilitate cross-border payments. Wise, on the other hand, is aimed primarily at retail users, a group that has already turned to stablecoins for similar purposes.
According to Chainalysis, Latin America and Africa are among the fastest growing regions for stablecoin adoption, driven by falling remittance costs and currency volatility.
“In these regions, retail adoption of stablecoins is largely driven by their convenience for low-cost remittances, security of savings in regions with volatile currencies, and accessibility to DeFi services such as lending and staking,” the company noted in a December report.
This decision comes in a more favorable regulatory environment for stablecoin adoption in the United States, following the recent adoption of GENIUS Law. In contrast, adoption in Wise’s home market, the United Kingdom, has been slower, as regulators work to implement new rules on stablecoins by the end of 2026.
As a result, US dollar-pegged stablecoins continue to dominate the market, while sterling-denominated alternatives represent only a small share of the total fiat-backed stablecoins in circulation.
Related: BoE signals flexibility on stablecoin caps amid industry reluctance: report
