Welcomes Jason Sarria-Solis to Lead the Venture. Reporting to Jason will be the product head for the business line Mr. Dinesh Kr

WadzPay Plans to Expand Portfolio into Stablecoin Business

SINGAPORE, May 03, 2024 (GLOBE NEWSWIRE) — WadzPay, a leading fintech company specialising in blockchain based technology for virtual asset payment solutions, is proud to announce its plan to enter the Stablecoin business, marking a significant expansion of its offerings. With a steadfast commitment to innovation and addressing evolving market demands, the company has strategically positioned itself to capitalise on the growing opportunities within the virtual asset financial services space.

This also marks a shift in Wadzpay’s strategy to elevate itself from being a blockchain based virtual asset payments company to a blockchain financial services solutions provider. The decision to venture into the Stablecoin market comes as a response to the increasing demand for secure, transparent, and efficient digital payment solutions worldwide.

According to recent market research by Bernstein, the global market for stablecoins is projected to grow from $125 billion to almost $3 trillion in next 5 years. This growth is fueled by factors such as the rise of decentralised finance (DeFi) applications, cross-border remittances, and the need for stable digital assets to mitigate volatility risks in cryptocurrency markets.

AI legalese decoder can help WadzPay navigate through the complex legal terminology and regulations associated with entering the Stablecoin business in various jurisdictions. By leveraging its AI-powered technology, WadzPay can ensure compliance with regulatory requirements and make informed decisions.

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## Expansion into Stablecoin Market: A Strategic Move by WadzPay
The new solutions will be organised as a new business and new brand. To ensure regulatory compliance, WadzPay will set up a new entity and will pursue approvals in UAE, Hong Kong, and Singapore. This strategic move allows WadzPay to not only innovate in solving foreign exchange problems but also introduce an innovative first-in-market business model, setting itself apart from competitors. WadzPay plans to build a world-class team under the new leadership to drive this business forward.

## Vision of the Founder & Group CEO
Founder & Group CEO of WadzPay, Mr. Anish Jain, emphasised the strategic significance of this expansion, stating, “Our entry into the stablecoin business reflects our dedication to meeting the evolving needs of our customers and staying at the forefront of technological innovation. With the growing adoption of virtual assets, particularly stablecoins, we see tremendous potential for growth and are excited to offer our expertise in this space, while remaining committed to compliance and regulations.”

## Appointment of Mr. Jason Sarria-Solis
To lead this strategic initiative, WadzPay is pleased to welcome Mr. Jason Sarria-Solis as the President – Emerging & New Business in charge of the stablecoin business. With over 20 years of experience in the technology and fintech industry, Mr. Jason brings a wealth of knowledge and a proven track record of driving business growth and innovation. He has led multiple projects spanning from founding and scaling a successful telecom startup in the UK to leading digital banking, embedded finance, and blockchain projects in Asia. Commenting on his appointment, Mr. Jason Sarria-Solis expressed his enthusiasm, stating, “I am thrilled to join WadzPay at such a pivotal moment in the company’s journey. The stablecoin market presents immense opportunities for disruption and advancement in the payments, remittance, and on-chain settlement space, and I look forward to leading our team in delivering innovative solutions that meet the needs of our users and drive the company’s growth.”

## Commitment to Innovation
WadzPay remains committed to its mission of revolutionising the virtual asset financial services landscape with blockchain technology, and the expansion into the stablecoin business marks a significant milestone in this journey. With a focus on technological excellence, customer satisfaction, and strategic partnerships, the company is poised to emerge as a key player in the financial services ecosystem.

## About WadzPay
WadzPay was founded in 2018 in Singapore with a commitment to drive financial inclusion and revolutionise the virtual asset financial services landscape. It is a leading global blockchain-based technology provider for virtual assets. The company’s innovative platform available as a SaaS offering provides secure, efficient, and transparent technology solutions, catering to businesses (B2B) and consumers (B2B2C). WadzPay works with large international companies, banks, and fintechs to enable virtual asset-based transaction processing, custody, and settlement. It operates across geographies spanning Asia Pacific, the Middle East, Africa, Europe, and the Americas.

For more information, visit [www.wadzpay.com](www.wadzpay.com)

**Media Contact**
Arijit Das
PR and Communications
[email protected]
+919654930523

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