In 2024, salaries paid in cryptocurrencies have tripled, indicating significant changes in the professional landscape. Nearly 10% of professionals are now compensated in stablecoins, particularly USDC.
Trends in Crypto Salary Growth
The year 2024 has seen cryptocurrency evolve beyond just finance; it is reshaping the rules of employment. This is evidenced by 88% of token compensations now being subject to four-year vesting schedules, indicating companies' focus on long-term relationships with employees.
The Preference for USDC in Payroll
While USDT remains the most traded stablecoin, USDC takes precedence in salary payments. In 2024, 63% of crypto remunerations were made in USDC. This preference is attributed to compatibility with payroll platforms and the perception of Circle as a regulated entity that reassures businesses. According to a report by Pantera Capital, USDC is establishing itself as a key player in integrating crypto into traditional business environments.
Changing Employment Rules in the Crypto World
The job market in the crypto tech sphere is undergoing shifts. Diplomas are no longer the sole criteria for hiring, with practical experience and technical skills becoming primary metrics. This shift creates a new meritocracy where, for example, a developer in Nairobi can earn the same as a peer in San Francisco.
In conclusion, 2024 marks a turning point for the job market, introducing new approaches and evaluation systems based on cryptocurrencies. Salaries in crypto not only increased but also changed the very nature of employment relationships.
