Smart, the worldwide forex change and cost platform, is hiring a digital-asset product lead with a concentrate on stablecoins, a transfer that would sign the corporate’s growth into the cryptocurrency area amid bettering international regulation.
Smart’s product director, Matthew Salisbury, posted the place on LinkedIn final week. The function might be primarily based in London, the place Smart’s international headquarters are situated.
“In the event you’ve constructed wallets and/or funds answer primarily based on stablecoins and also you now wish to do it at Smart apply via the advert or DM me,” Salisbury wrote.
In accordance with the LinkedIn listing, which has already attracted curiosity from over 100 candidates, the profitable candidate will be part of Smart’s Accounts staff to assist develop its product providing and discover how clients might maintain digital belongings inside their Smart accounts.
The corporate is searching for candidates with not less than 5 years of product administration expertise and a confirmed observe file of launching business-to-consumer merchandise within the digital asset or blockchain area.
Smart, previously generally known as TransferWise, is finest 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 next financial system has already begun
Smart and stablecoin funds: Assessing the potential
It’s nonetheless unsure whether or not or how Smart will undertake stablecoin cost rails. Stablecoin know-how is mostly considered a solution to make worldwide cash transfers quicker 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. Smart, in contrast, primarily serves retail customers, which is a gaggle that has already been turning to stablecoins for comparable 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 forex volatility.
“In these areas, retail adoption of stablecoins is basically pushed by their practicality for low-cost remittances, safe financial savings in areas with unstable 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 setting for stablecoin adoption in the US, following the current passage of the GENIUS Act. In distinction, adoption in Smart’s residence market, the UK, has been slower, as regulators work towards implementing new stablecoin guidelines by the end of 2026.
Because of this, US greenback–pegged stablecoins proceed to dominate the market, whereas British pound–denominated alternate options account for less than a small share of complete fiat-backed stablecoins in circulation.
Associated: BoE signals flexibility on stablecoin caps amid industry pushback: Report
