CoinStats - Local Stablecoins Strengthen the Dollar: The ...
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Forbes, the world's most well-conceived business and economic magazine. Dan Katz, vice-director of the IMF, warns that stablecoins can accelerate dollarization and amplify capital outflow in times of crisis The post-IMF See Risk of Dollarization with Stablecoins in Emerging; and in Brazil? appeared first in Forbes Brazil.
IMF warns local stablecoins could deepen dollarisation risk
The International Monetary Fund has warned that stablecoins issued in local currencies, often pitched as a defence against dollarisation, could end up accelerating it instead. Dan Katz, the IMF’s First Deputy Managing Director, made the warning in a speech at the University of Cape Town on August 7, titled “Stablecoins: Promise, Risks, and Policy Choices … The post IMF warns local stablecoins could deepen dollarisation risk appeared first on Tec…
CoinStats - Local Stablecoins Strengthen the Dollar: The ...
Local stablecoins, supposed to reduce dependence on the dollar, might instead accelerate it. According to the IMF, their adoption strengthens the dollar. An explosive paradox disrupting emerging markets. Why and how? L’article Local Stablecoins Strengthen the Dollar: The IMF Explains Why est apparu en premier sur Cointribune.
Local stablecoins, supposed to reduce dependence on the dollar, could rather accelerate. According to the IMF, their adoption strengthens the dollar. An explosive paradox that upsets emerging markets. Why and how? The article Local stablecoins strengthen the dollar: IMF explains why appeared first on Cointribune.
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