The talent war for stablecoin in Wall Street has driven up salary levels, with compliance positions offering annual salaries as high as $350,000.

Odaily News The stablecoin boom has greatly benefited the crypto assets wallet technology provider Defins, but in some ways, this “benefit” may have gone a bit too far. The company's co-founder Clarice Ager raised $16 million for her startup in January this year and is currently expanding to meet the needs of clients in the stablecoin sector. However, the rising popularity of this crypto token has sparked a talent war, making it both difficult and costly for her company, which only has 42 employees, to fill 17 vacant positions. “Everyone is spending a lot of money now,” she said. Owen Dean, founder of the fintech recruitment firm Find, stated, “There is currently a massive talent 'gold rush' happening in this field.” He estimates that about 80% of the positions his company has filled in recent months are related to stablecoins. Dean revealed that in the U.S., the base annual salary for stablecoin strategy heads at large traditional financial institutions typically ranges from $250,000 to $400,000; in the UK, the annual salary for the position is expected to be between £150,000 and £220,000. In the U.S., the annual salary for senior compliance positions in the stablecoin field can reach as high as $350,000. (Jin10)