- Airwallex, valued at $6.2 billion, is expanding its stablecoin team with 22 new job postings.
- The company raised $300 million in May 2025 and reported annualized revenues of $720 million based on $130 billion in payments.
- CEO Jack Zhang stated stablecoins have limited use for cross-border payments in major economies but may help in markets with less liquidity.
- Zhang described stablecoins as potential “internet money” and sees established platforms as best positioned to offer them safely.
- Airwallex plans to build new financial products using stablecoins, including cards and lending services.
Airwallex, a global payments company supported by VISA and valued at $6.2 billion, is expanding its efforts in stablecoin technology. The company has started hiring for 22 new roles focused on building its stablecoin team and related infrastructure.
In May 2025, Airwallex secured $300 million in a funding round. The company reported $720 million in annualized revenue in March, calculated from payment volumes totaling $130 billion. Airwallex expects to reach over $1 billion in revenues for 2025.
CEO Jack Zhang posted on social media, stating that stablecoins are unlikely to improve cross-border payments between major global economies, also known as G10 countries. “We are moving money at the cost of less than 0.01% and real time. You can’t be cheaper than free and faster than real time,” Zhang wrote, suggesting current systems are already efficient. Average fees remain closer to 0.5%, which likely includes some card processing charges.
Zhang noted that for cross-border transfers outside the main G10 markets—where currency trading is less frequent and liquidity is limited—stablecoins could offer benefits. He also commented on the purchase of Stripe’s Bridge by saying that stablecoin wallets could help in Latin America and Africa because of regulatory differences, though he called this a “regulatory arbitrage.”
In a later blog post, Zhang clarified his view, emphasizing that he sees stablecoins as a way to create “internet money”—digital cash that can be tracked and verified. He said only established payment platforms like Airwallex, Stripe, or Revolut have the capacity to ensure that stablecoins meet legal and safety standards. In his view, stablecoin companies without a strong user base or compliance infrastructure will struggle.
Airwallex’s planned products include stablecoin-linked cards, online lending, and digital money-market accounts. The company expects to earn income through fees on card transactions and interest from lending products.
Zhang concluded that the main value of stablecoins is not just for handling payments in less-common currencies but rather for creating a new financial foundation for the digital economy.
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