Wall Street is offering high salaries to recruit talent in the stablecoin sector, with compliance positions paying up to $350,000 per year.

Jinse Finance reported, citing Sina Finance, that the stablecoin boom has greatly benefited cryptocurrency wallet technology provider Dfns, though in some ways, this “benefit” may have gone a bit too far. Clarisse Hagège, the company’s co-founder, raised $16 million for her startup this January and is now expanding to meet the needs of clients in the stablecoin sector. However, the growing popularity of these crypto tokens has sparked a talent war, making it both difficult and costly for her company, which has only 42 employees, to fill 17 open positions. “Everyone is spending big money (to compete for talent) now,” she said. Owen Dearn, founder of fintech recruitment firm Find, stated: “There is currently a massive talent ‘gold rush’ happening in this sector.” He estimates that about 80% of the positions his company has placed in recent months are related to stablecoins. Dearn revealed that in the United States, the typical base salary for a head of stablecoin strategy at a large traditional financial institution ranges from $250,000 to $400,000 per year; in the UK, the annual salary for this position is expected to be between £150,000 and £220,000 (approximately $203,000 to $298,000). In the US, the annual salary for senior compliance roles in the stablecoin sector can reach as high as $350,000.