Wise is hiring a digital-asset product lead with a focus on stablecoins, signaling potential expansion into the cryptocurrency space amid improving global regulation. The successful candidate will join Wise’s Accounts team to help expand product offerings and explore how customers could hold digital assets within their Wise accounts. The company reported £979.9 million ($1.23 billion) in revenue and £345.6 million ($443 million) in profit in 2024.

It’s uncertain how Wise will adopt stablecoin payment rails, but the technology is seen as a way to make international money transfers faster and more efficient. Latin America and Africa are rapidly adopting stablecoins due to lower remittance costs and currency volatility. Stablecoin remittances offer greater cost savings in Sub-Saharan Africa compared to traditional methods.

The move by Wise comes as the US regulatory environment becomes more favorable for stablecoin adoption with the passage of the GENIUS Act. In contrast, the UK is slower in adopting stablecoins, with regulators working on implementing new rules by the end of 2026. US dollar-pegged stablecoins dominate the market, while British pound alternatives have a smaller share.

Read more at CoinTelegraph: Wise Recruiting Digital Asset Lead to Explore Stablecoins