Wise Hires Stablecoin Lead to Drive Cross-Border Payment Efficiency

Published: 2025-10-21 23:54:42 |

Wise is hiring a digital-asset product lead to develop stablecoin payment rails and wallet functionality. The London-based role requires over five years’ experience in product management and blockchain, marking Wise’s first step into stablecoin services. In 2024, Wise processed £1.45 trn in cross-border payments at an average fee of 0.58%, generating £840 m revenue. By integrating stablecoin rails, Wise aims to lower remittance costs and accelerate settlement across its 160-country network. The move comes amid regulatory shifts – the US GENIUS Act and the UK’s planned 2026 stablecoin framework – and follows Visa’s USDC and EURC pilot, highlighting industry momentum for digital assets. For traders, Wise’s expansion could boost stablecoin utility, intensify competition with banks, and shape the future of cross-border payments.

Neutral

While Wise’s entry into stablecoin services underscores growing institutional adoption and could increase demand for USDC and EURC rails, stablecoins remain pegged assets. This development enhances utility and network effects but is unlikely to drive price volatility in the short or long term. Therefore, the market impact on stablecoin prices themselves is expected to be neutral.