Wall Street's stablecoin talent battle pushes up salary levels, with annual salary of up to $350,000 in compliance positions

Odaily Planet Daily News The stablecoin boom has benefited Defens, a cryptocurrency wallet technology provider, but in some ways, this "benefit" may be a bit too far. The company’s co-founder, Clarice Agrey, raised $16 million for her startup in January and is now expanding to meet the needs of customers in the stablecoin space. However, the growing popularity of this crypto token has sparked a talent battle, leaving her, a company with only 42 employees, both difficult and costly in filling 17 vacancies. “Everyone is spending a lot of money now,” she said. "There is a massive talent 'gold rush' in this field," said Irving Dean, founder of the fintech recruitment company Find. He estimates that about 80% of the positions placed in his company over the past few months have been related to stablecoins. Dean revealed that in the United States, the basic annual salary of the position of stablecoin strategy head for large traditional financial institutions is usually between $250,000 and $400,000; in the United Kingdom, the annual salary for the position is expected to be between £150,000 and £220,000. In the United States, senior compliance positions in stablecoins can earn up to $350,000 annual salary. (Jin Shi)