Clever, the worldwide foreign money change and cost platform, is hiring a digital-asset product lead with a deal with stablecoins, a transfer that would sign the corporate’s enlargement into the cryptocurrency area amid enhancing international regulation.
Clever’s product director, Matthew Salisbury, posted the place on LinkedIn final week. The function can be primarily based in London, the place Clever’s international headquarters are situated.
“When you’ve constructed wallets and/or funds answer primarily based on stablecoins and also you now wish to do it at Clever apply by way of the advert or DM me,” Salisbury wrote.
In line with the LinkedIn listing, which has already attracted curiosity from over 100 candidates, the profitable candidate will be a part of Clever’s Accounts crew to assist develop its product providing and discover how prospects might maintain digital belongings inside their Clever accounts.
The corporate is searching 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 referred to as TransferWise, is greatest recognized for offering low-fee worldwide cash transfers throughout greater than 160 international locations and 40 currenices. In 2024, the corporate reported £979.9 million ($1.23 billion) in income and £345.6 million ($443 million) in revenue.
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Clever and stablecoin funds: Assessing the potential
It’s nonetheless unsure whether or not or how Clever will undertake stablecoin cost rails. Stablecoin expertise is mostly thought to be a solution 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, against this, primarily serves retail customers, which is a gaggle that has already been turning to stablecoins for comparable functions.
In line 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 essentially 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 USA, following the latest passage of the GENIUS Act. In distinction, adoption in Clever’s dwelling market, the UK, has been slower, as regulators work towards implementing new stablecoin guidelines by the end of 2026.
Consequently, 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.
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