Clever, the worldwide foreign money change and fee platform, is hiring a digital-asset product lead with a deal with stablecoins, a transfer that might sign the corporate’s growth into the cryptocurrency area amid bettering international regulation.
Clever’s product director, Matthew Salisbury, posted the place on LinkedIn final week. The position will likely be primarily based in London, the place Clever’s international headquarters are situated.
“For those who’ve constructed wallets and/or funds answer primarily based on stablecoins and also you now need to do it at Clever apply by way of the advert or DM me,” Salisbury wrote.
In accordance with the LinkedIn itemizing, which has already attracted curiosity from over 100 candidates, the profitable candidate will be part of Clever’s Accounts group to assist broaden its product providing and discover how clients might maintain digital property inside their Clever accounts.
The corporate is looking for candidates with a minimum of 5 years of product administration expertise and a confirmed observe file of launching business-to-consumer merchandise within the digital asset or blockchain area.
Clever, previously generally known as TransferWise, is greatest recognized for offering low-fee worldwide cash transfers throughout greater than 160 nations and 40 currenices. In 2024, the corporate reported £979.9 million ($1.23 billion) in income and £345.6 million ($443 million) in revenue.
Associated: The rise of Money2: The following monetary system has already begun
Clever and stablecoin funds: Assessing the potential
It’s nonetheless unsure whether or not or how Clever will undertake stablecoin fee rails. Stablecoin know-how is usually thought to be a method to make worldwide cash transfers sooner and extra environment friendly by permitting digital {dollars} to maneuver with out conventional banking intermediaries.
Final month, Visa launched a pilot program utilizing the stablecoins USDC (USDC) and EURC (EURC) to assist monetary establishments facilitate cross-border funds. Clever, in contrast, primarily serves retail customers, which is a gaggle that has already been turning to stablecoins for related functions.
In accordance with Chainalysis, Latin America and Africa are among the many fastest-growing areas for stablecoin adoption, pushed by decrease remittance prices and foreign money volatility.
“In these areas, retail adoption of stablecoins is basically pushed by their practicality for low-cost remittances, safe financial savings in areas with risky currencies, and accessibility to DeFi providers like lending and staking,” the corporate famous in a December report.
The transfer comes amid a extra favorable regulatory surroundings for stablecoin adoption in the USA, following the current passage of the GENIUS Act. In distinction, adoption in Clever’s house market, the UK, has been slower, as regulators work towards implementing new stablecoin guidelines by the finish of 2026.
Because of this, US greenback–pegged stablecoins proceed to dominate the market, whereas British pound–denominated options account for less than a small share of whole fiat-backed stablecoins in circulation.
Associated: BoE alerts flexibility on stablecoin caps amid business pushback: Report
